 "paint, colours, wall, brush")
Amid cooling raw material prices, the crude-oil linked companies crude oil-linked companies, which includes paint and tyre firms, have been on a roll over the past one year. Shares of related companies have gained up to 84 per cent, as against a 14 per cent rise in the S&P BSE Sensex. Analysts, however, believe stretched valuations in both these sectors could trigger a de-rating.
"Despite strong January-March quarter (Q4FY23) performance by paint and tyre companies, we believe that the positives are already priced-in, and foresee a near-term correction due to premium valuations. While the average valuation of paint companies stands
