While the four largest listed paint companies have seen marginal negative returns, the S&P BSE Fast Moving Consumer Goods (FMCG) and the National Stock Exchange Nifty FMCG indices have delivered a solid 16 per cent return during the same period.
Initially, volume growth and reduced costs bolstered the sector s sentiment, but brokerages have grown cautious due to increased competitive pressures.
Vedanta demerger positive only if it finds credible investors to cut debt thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Vodafone Idea to see ₹14,000 crore equity infusion as part of revival plan livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
Telecom sector watchers said that they did not see a credible revival case since the No 3 telco has a large Rs1.96 trillion debt outstanding to the government which could lead to significant equity dilution down the road and make it unattractive for potential equity investors