Mumbai: Shares of Asian Paints slumped 3.9% on Monday after brokerage CLSA downgraded its rating on the stock to ‘sell’ following the entry of Birla Opus into the industry. The firm slashed its price target to ₹2,425 from ₹3,215, implying a downside of over 15% from Monday’s closing price of ₹2,868.40. “Birla Opus is the … Read more
Berger Paints Ltd, part of the paint industry, fell more than 18% from its September 2023 high to trade below its long- and short-term moving average suggests a bearish trend. Short-term traders can look to go short in the stock for a possible retest of Rs 510 levels in the next 3-4 weeks, suggest experts. … Read more
Shares of Asian Paints, Indigo Paints, Akzo Nobel, Berger Paints, and Kansai Nerolac rose up to 5.1% in Friday’s trade on NSE after Brent crude futures fell to a four-month low of $77.42 per barrel on Thursday. Meanwhile, on Friday, oil prices were little changed in early Asian trade after slipping about 5% to a … Read more