Higher inflation and lower purchasing by consumers, it seems, has taken a bite out of consumption-related stocks at the bourses, with most counters losing ground in the last few months
A net income miss for Nifty 50 Index companies triggered a median decline of nearly 1.9 per cent in the stock prices in the current reporting season
Asian Paints stock was trading at 3-year lows, and had given a downside breakout on the monthly chart for the first time since May 2018; shows technical charts.
Weak consumer sentiments coupled with persistent rains through the quarter and floods in some parts of the country weighed on the company's September quarter performance
Stocks to watch on Monday, November 11, 2024: Here are few stocks that will be in spotlight
At 6:35 AM, GIFT Nifty Futures were down 82 points at 24,136, signalling a potential negative start
Asian Paints Q2FY25 results: During the quarter, the company's net sales stood at Rs 8,003.02 crore, down 5.3%
BSE50 companies reported 8,468 complaints
Paint stocks decline as Brent crude oil set for steepest gain since February 2023
According to CITU, around 90 per cent of the total 1723 workers of the Sriperumbudur plant are participating in the strike
Here's a technical outlook on stocks linked to crude oil prices, which is down 23% from its peak and trades near 3-year lows. Among stocks, Asian Paints and MRF look favourable on charts; here's why.
Brent crude oil fell nearly 5 per cent on Tuesday. Crude oil is a key component in the production of certain raw materials used in the manufacturing of paints
India's most valuable family businesses are collectively worth a whopping Rs 6,009, 100 crore, as per anewly released report which has unveiled the country's most influential family-owned enterprises.
F&O trading strategy: A high OI-based PCR suggests that traders were expecting limited downside at these counters, and were comfortable writing Puts.
Some brokerages have reduced target prices after muted Q1 showing
Domestically, foreign institutional investors were net buyers on July 16, acquiring shares worth Rs 1,271.45 crore, whereas domestic institutional investors sold shares worth Rs 529.48 crore.
During the quarter, the company's net sales stood at Rs 8,970 crore and were down 2.3 per cent due to weak demand conditions, which the company attributed to general elections and severe heat waves
From a technical analysis perspective, the Daily RSI has reversed from 50 levels, further signalling a positive outlook for Bajaj Auto stock.
Shares of Asian Paints rallied as much as 5.09 per cent at Rs 2,979 per share on the BSE in Wednesday's intraday trade
Paint stocks to buy: The competitive scenario in the paint sector will only increase in the near to medium term, caution analysts