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
Asian Paints has regained momentum and is set to maintain its dominance after outperforming the industry in the September quarter, Nuvama said
Birla Opus' early gloss fades, giving seasoned players room to repaint the market as disruption fears dry out and demand colours back in
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.
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Among individual players, the brokerage sees Kansai Nerolac as likely to be the most affected, given greater disruption in North India
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.
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
Berger Paints share price slipped 2.8 per cent and logged an intra-day low at ₹556.2 per share on BSE post Q1 results.