Shares of Asian Paints and Berger Paints India hit their respective record highs on the BSE in intra-day trade on Tuesday on expectation of strong volume growth to sustain, riding the potential demand shift from unorganised segment.
Asian Paints (up 3.5 per cent to Rs 2,917.10) and Berger Paints India (up 2.5 per cent at Rs 827.30) up over 2 per cent on the BSE, surpassed their respective previous highs of Rs 2,871.40 and Rs 824.80, respectively, touched on January 11, 2021. In the past one month, these stocks have outperformed the market by surging 15 per cent each, as compared to 6 per cent gain in the S&P BSE Sensex.
Read more about Nifty outlook & trading ideas by HDFC Sec: Buy Berger Paints, ICICI Bank on Business Standard. The immediate target for the Nifty50 index is seen above the all-time high of 15,432 odd levels
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Nifty futures on the Singapore Exchange traded 20.50 points, or 0.14 per cent, higher at 15,162.50 in signs that Dalal Street was headed for a positive start on Tuesday. Here are a few stocks which may buzz the most in today s trade:
Adani Ports, Tata Steel, Berger Paints: Adani Ports, Tata Steel, Berger Paints, Muthoot Finance, Max Financial India, Indian Overseas Bank, Endurance Technologies and Torrent Power are among companies, which will disclose their third quarter results today.
Future Retail: Delhi High Court has stayed its single judge direction to Future Retail and various statutory authorities to maintain status quo with regard to the Rs 24,713 crore deal with Reliance Retail.