Neutral on paints sector: Dipan Mehta

Dipan Mehta, Member at BSE & NSE told CNBC-TV18, "The gains in terms of lower commodity prices seems to have got factored in and all the paint companies be it Kansai Nerolac or even Asian Paints or Berger Paints are on the expensive side. Underlying growth is at best between 6-9 percent or thereabouts. So, one could hope that overall when the economy does improve, paint volumes will also look up. I think cost increases also will come into play for them.""I am not that optimistic on the paint companies nor am I negative. I think at best a neutral stance is the best approach as far as paint companies are concerned," he added.