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.
Can Asian Paints stock sustain the momentum?
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Last Updated: May 15, 2021, 09:28 AM IST
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Synopsis Q1 of this year is going to be tough for most of the FMCG companies, including Asian Paints, says Mahantesh Sabarad.
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After Asian Paints stock jumped 8.5 per cent following the release of its quarterly report card, Mahantesh Sabarad, Head, Retail Research, SBICAP Securities, says he is surprised on the stock price movement and would be a little cautious in the near-term. Edited excerpts from his interview with ET Now:
What is your reading of Dr Reddy s numbers?
Apart from the results, one should look at two things. The biggest statement that came from the company was about the rollout of the Sputnik V vaccine. This gives confidence about the future outlook of the company.
Asian Paints MD on what helped the company beat pandemic blues in Q4
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Last Updated: May 14, 2021, 03:17 PM IST
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Synopsis May is looking a little tough as of now, because practically most of the country it is in a lockdown-like situation. We find very few markets where we are able to offer service at the moment. We think the picture will be clearer once vaccinations catch up and some bit of normalcy returns.
Amit Syngle, MD & CEO, Asian Paints
Amit Syngle, MD & CEO, Asian Paints talks about business in Q4 amid the disruptions from localised lockdowns. Edited excerpts from his interview to ET Now:
Asian Paints Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 245194.94 Crore) operating in Building Materials sector.
What helped Asian Paints beat pandemic blues in Q4
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Last Updated: May 14, 2021, 02:42 PM IST
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Synopsis May is looking a little tough as of now, because practically most of the country it is in a lockdown-like situation. We find very few markets where we are able to offer service at the moment. We think the picture will be clearer once vaccinations catch up and some bit of normalcy returns.
Amit Syngle, MD & CEO, Asian Paints
Amit Syngle, MD & CEO, Asian Paints talks about business in Q4 amid the disruptions from localised lockdowns. Edited excerpts from his interview to ET Now: