The country’s largest paint company, Asian Paints, is expected to be a twin beneficiary of higher sales volumes and improved profitability in the near term. Demand, which has been steady, is expected to see an increase in the festive season while margins should firm up on the back of declining raw material costs. Some of the optimism is reflecting on the stock prices of the paint maker which has registered a gain of nearly 5 per cent over the last six trading sessions, amidst a correction in both -- the benchmarks and the broader markets.
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First Published: Tue, September 27 2022. 19:31 IST