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Amid strong investor support, outlook bright for pricey paint stocks

Supportive macros and pricing power to help paint companies clock volume-led profitable growth, but buying on dips is advisable

Shreepad S Aute 

Like fast-moving consumer goods (FMCG) companies, paint companies have also seen a strong investor support. While part of the investor demand can be attributed to a stress in other key sectors like automobile and non-banking financial companies (NBFCs), paint companies’ performance has also been consistently strong.

Besides, amid a growth slowdown faced by FMCG companies, paint stocks have outperformed FMCG ones. While the stocks of three paint majors — Asian Paints, Berger Paints and Kansai Nerolac — gained 20-59 per cent in the past six months, the Nifty FMCG index ...

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First Published: Wed, November 27 2019. 18:51 IST
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