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Indigo Paints presses the accelerator, puts growth ahead of margins
Indigo Paints will accept a 2-2.5 percentage point hit to gross margins as it ramps up spending on trade and influencer marketing to chase market share, joining Berger, JSW Dulux and Birla Opus in prioritizing growth.
Stock Picks Today: Grasim, Dr Reddy's, Dixon Tech, Berger Paints, And More On Brokerages' Radar
Check out top stocks under brokerages' radar heading into trade today.
Stock market crash: Ambuja Cements, Berger Paints, KPIT Tech among 196 stocks that hit 52-week low as NIFTY50 trade below 24,500 - Upstox
Stock market crash: Ambuja Cements, Berger Paints, KPIT Tech among 196 stocks that hit 52-week low as NIFTY50 trade below 24,500Upstox
Paint firms eye strong March finish
Indian paint companies are optimistic about the current quarter. Demand picked up in November and December. This trend is expected to continue, leading to high single-digit volume growth. Competition remains intense. Companies like Asian Paints, Berger Paints, and Kansai Nerolac report gradual improvement in demand post-Diwali. Birla Opus and JSW Paints are also active in the market.
Taking Stock: Markets continue to see sell-off amid crude surge; rupee at record low
More than 850 stocks touched their 52-week low, including Swan Corp, Interglobe Aviation, GNFC, PNB Housing Finance, Birla Corp, BLS International, Sterling Wilson, RHI Magnesita, Just Dial, Asian Paints, Nuvoco Vistas, REC, Berger Paints, JK Lakshmi Cement, Rashtriya Chemicals, GAIL, Inox Wind, among others.
Asian Paints tops Nifty gainers, Berger jumps 6%; paint stocks rally as Investec turns bullish on sector outlook
Investec said its cautious stance on the paints sector over the past three years was largely driven by aggressive expansion by Birla Opus. However, the brokerage now believes the peak competitive intensity may be over.