Stock market LIVE: The broader markets also ended with notable losses as profit-taking continued for the third straight trading session, amid valuation and inflation concerns
Steep inflation seen in raw material prices, since the beginning of this calendar year, has been phenomenal and has impacted gross margins across all businesses in the quarter.
State-run PSU banks and telecom stocks are likely to be in focus along with a slew of mid- and small-cap companies that shall announce their September earnings today
But given an optimistic market and a good monsoon, an upside is more likely
Their weighting on the benchmark Nifty50 has fallen to 15%, an 11-year low
Wipro, HCL Technologies and Asian Paints were the new Indian entrants among the top 500 companies in the world, as per the latest Hurun Global 500 list
Share of Asian Paints and Berger Paints recorded new all-time highs in trade on Thursday
While volume performance has been strong, valuations factor in the gains
Firm becomes India's 12th most valuable company after June qtr results beat expectations
The domestic decorative business more than doubled its volume and delivered stellar revenue growth on a low base
Cement maker ACC reported an over two-fold jump in consolidated net profit to Rs 569.45 crore for the second quarter ended June 2021
Bizongo, a B2B platform for unbranded goods, on Monday said it has created an advisory board and onboarded Asian Paints Vice Chairman Manish Choksi to the panel. The industry veteran brings with him over three decades of entrepreneurial and leadership experience in strategic integration of technology with a sharp focus on business expansion and growth across global markets, a statement said. Bizongo, which recently closed its series C funding of USD 51 million, is gearing to transform into a sustainable global institution as it expands in emerging markets of South East Asia, such as Thailand, Indonesia, Malaysia and Vietnam and starts servicing the developed markets of US, Middle East, Europe, it added. "With Choksi's counsel, Bizongo aims to ramp up its efforts across digital vendor management, supply chain automation, and supply chain financing. In parallel, the company is also focusing on creating a stronger portfolio of unbranded products that are not limited to packaging and ..
The recent optimism at the bourses stems from the hope that consumers will resort to 'revenge buying' once the lockdown condition is lifted following the second wave of Covid infections receding
Asian Paints expects an 'uncertainty in demand' in the home improvement categories on account of disruptions in operations after the second wave of the coronavirus pandemic
The company's Q4 show, however, was better than market leader Asian Paints
The overall chart pattern of Asian Paints indicates that the prevailing momentum is likely to continue
The Covid wave, rising raw material costs can impact near-term sales
The management said the domestic decorative business delivered a stellar performance, registering a 48 per cent volume growth in the quarter, led by robust growth in the premium and luxury product ran
The company's revenue from operations in Q4 was up 43.5 per cent to Rs 6,651.4 crore from a year ago
Asian Paints reported over 84 per cent jump in its consolidated net profit at Rs 852 crore for the January to March quarter as compared to Rs 462 crore in the previous corresponding period