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Indigo Paints IPO opens: Trading strategies for other paint stocks

The recent reversal in paint stocks may see aggravated buying momentum after conquering significant resistances

Topics
Paint stocks | Indigo Paints | Asian Paints

Avdhut Bagkar  |  Mumbai 



Paint

Shares of paint companies traded firm at the bourses on Wednesday as the three-day initial public offering (IPO) of opened for public subscription. Among individual stocks, rose as high as 3.5 per cent on the BSE while Berger Paints and Kansai Nerolac Paints also gained 2 per cent each. also climbed as high as 1.7 per cent in intra-day deals. In comparison, the S&P BSE Sensex was up 0.46 per cent, at 11:47 AM.

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First Published: Wed, January 20 2021. 12:49 IST

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