Underlying volume growth continues to remain strong
Competition is intensifying, and Sirca’s margins are feeling the heat
Israel-Iran tensions have sent crude soaring, hitting a number of linked sectors. The bigger worry is at the macro level. Does a falling market present a buying opportunity?
Recent price hikes and improved raw material sourcing to improve profitability
Revenue contraction due to weak consumer sentiment as well as rising competition
The announcement of Grasim Industries' entry into the paints sector is touted as the catalyst for FIIs to reduce their exposure.
Volume expansion and the resultant cash generation will help paint companies maintain healthy balance sheets, which will also buffer credit profiles despite the rising capex, Crisil said in a report on Wednesday.
Grasim has accelerated the execution of paints capacity of 1.33 billion litres, with commissioning of plants to start in phases starting fourth quarter of FY24
Initially, a 28 percent GST was levied on paints, but with demand from the industry, the government had brought down the rate by 10 percent to 18 percent in July 2018.
Private sector banks and financial companies will also see growth, said Shreyas Devalkar, Fund Manager Equities, BNP Paribas MF.
Shares of Asian Paints slipped 2 percent intraday on Monday. Kotak has retained a reduce rating with a revised target of Rs 830 per share. The brokerage says that valuation of Asian Paints is quite expensive.
Science and Technology Minister Harsh Vardhan said during Question Hour that a new scanner has been developed which can detect adulteration in milk in 40 seconds and can even pinpoint the adulterant.
In an interview with CNBC-TV18, Parag Thakkar of HDFC Securities and Devang Mehta of AnandRathi outlined their views on which stocks could rise, benefiting from the oil price fall, and which they were not so positive on.
In an interview to CNBC-TV18, Sheth says he remains bullish on the market based on broader theemes like better governance, higher infra spend, curing of problems of some key sectors of the economy and falling crude price
In an exclusive chat with CNBC-TV18, AkzoNobel Global‘s CEO Ton Buchner said that though the first quarter of 2015 have been impacted by several global movements, he is confident that sales will pick up in 2015.
Shares in India‘s leading oil marketing companies and aviation firms rose in early trade after international crude oil prices fell to USD 68 a barrel after the OPEC late last week decided to not cut output even in the face of rising gap between demand and supply.
Tata Motors and Sesa Sterlite fell more than 5 percent followed by Hindalco Industries and Tata Steel with 4-4.5 percent. ITC, HDFC, HDFC Bank, M&M, Axis Bank, Bharti Airtel, HUL and Coal India plunged 2-3 percent.
Credit Suisse lowered target price to Rs 470 from Rs 481 as it reduced earnings estimates by 3 percent to build in marginally lower gross margins.
NSE Finwiz reached the city of joy, Kolkata and is at the head office of one of India‘s oldest paint companies, Berger Paints.
After Kansai Nerolac Paints entered in talks with auto companies to raise the paint prices the stock has been rallying substantially. HM Bharuka, MD of the company told CNBC-TV18 that the fall in titanium dioxide prices will benefit decorative paints segment.
Insurance sector regulator IRDA today included vehicle paint under the purview of depreciable part and fixed rate of depreciation for the same.
With the duty rejig from the Budget, the paint industry got a small boost. CNBC-TV18 caught up with Abhijit Roy, director and chief operating officer, Berger Paints for a chat on what the actually benefit is.
Kansai Nerolac Paints Limited (KNPL), one of the leading Paint companies in India today registered 17.9% growth in net profit at Rs 61.23 crore in Q1 FY 12.
Banking and paints sectors will be receiving astrological support, says Satish Gupta of astrostocktips.
Paint, pharma and defence sectors will be getting astrological support, says Satish Gupta of astrostocktips.