paint stocks

paint stocks: Gains for paint stocks seen capped despite oil boost

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paint stocks: Gains for paint stocks seen capped despite oil boost

Mumbai: Crude oil prices slipping to a four-month low will provide a leg-up to the earnings of paint makers in the near term, but gains in their shares could be capped as rich valuations and the impending launch of Grasim’s paint operations may weigh on investor sentiment. Crude oil prices, currently below $80 per barrel, … Read more

paint stocks: Paint stocks jump up to 5%. Here’s what fueling the surge

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paint stocks: Paint stocks jump up to 5%. Here’s what fueling the surge

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