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.
Indraprastha Medical has witnessed a decisive breakout above a key resistance level on the daily timeframe, followed by a healthy retracement that has been absorbed well by the market.
The Supreme Court on Monday refused to entertain a plea by Asian Paint against the Competition Commission of India's order directing an investigation against it for allegedly abusing its dominant position in the market for manufacturing and sale of decorative paints. A bench of Justices JK Maheshwari and Vijay Bishnoi refused to interfere with the Bombay High Court order, which upheld the CCI probe. As the apex court was not inclined to entertain the matter, the matter was dismissed as withdrawn. The CCI direction followed a complaint filed by Grasim Industries (Birla Paints Division), which accused Asian Paints of engaging in exclusionary practices aimed at stifling its entry and growth in the Indian decorative paints segment. "The Commission is of the opinion that a prima facie case of contravention of the provisions of section 4(2)(a)(i), 4(2)(c) and 4(2)(d) of the Act by the OP (Asian Paints) is made out in the present matter," CCI had said in the order. Section 4 of the ...
Heavy rains in Q2FY26 adversely affected seasonal categories such as carbonated drinks, ready-to-drink juices, beer, ice creams, and hair/skin summer care products.
Among individual players, the brokerage sees Kansai Nerolac as likely to be the most affected, given greater disruption in North India
The High Court in a brief hearing on Thursday dismissed the company's plea, and a detailed order will be issued later, said the six sources
Post a long period of underperformance, Asian Paints shares have started forming a 'Higher Top Higher Bottom' structure on the daily chart.