Sector's competitive landscape, Geojit said, has stabilised and that demand is likely to pick up in the coming months, supported by improved weather conditions and the release of pent-up demand
According to Phillip Capital, the risk reward is now favourable for market leaders that are well positioned to navigate near-term volatility and benefit from the revival in India's paint demand
The brokerage has upgraded Asian Paints and Berger Paints to 'Buy,' calling the stability in margins and dealer relationships a "re-rating event" for the industry.
On the bourses, Berger Paints shares were trading 0.75 per cent higher at 533.60 per share, around 9:20 AM. In comparison, BSE Sensex was trading 0.43 per cent higher at 81,453.23 levels.
Paint makers posted marginal Q1 growth after four quarters of decline, with demand aided by softer raw material prices and early festive season, though margins remain under pressure
Berger Paints aims for ₹20,000 crore revenue by 2030, banking on network expansion, innovative products, and strong dealer relationships to hold its 20%+ market share
JSW Paints news: JSW Paints' recent acquisition will increase the cut throat competition in the industry. Analysts, now, eye how Asian Paints and other paint stocks will sustain their margins
BPCL, HPCL, IOC, Asian Paints, and other downstream oil companies' stock surged, while ONGC, Oil India dropped after Brent crude oil slipped 5 per cent
When oil prices drop, upstream companies face reduced revenue, which can lead to cost-cutting measures, reduced profits, and in some cases, financial losses
Crude oil prices fell below $70 per barrel over US President Donald Trump's new tariffs, raising concerns over a global trade war that could weigh on oil demand
At close, Hindustan Petroleum Corporation (HPCL) was up 3.66 per cent, Bharat Petroleum Corporation (BPCL) was up 3.6 per cent and Indian Oil Corporation (IOC) was up 2.4 per cent
Stocks to Watch on February 12, 2025: Investors will keep a watch on Berger Paints, Vi, SAIL after their Q3 numbers. They will also eye other stocks such as NBCC, NTPC and others