An analyst from Anand Rathi said that Berger Paints has shown signs of stabilizing and potentially reversing its downtrend, as indicated by technical patterns like the Bullish Bat and bullish divergence.
Jefferies has initiated coverage on 13 Indian stocks in 2024, expanding its total coverage to 188 stocks with a combined market cap of $3.4 trillion, representing 70 percent of India s listed market. Most of these newly covered stocks have significantly outperformed the benchmark index.