Paint makers face a crude shock as competition stays fierce
Crude inflation is squeezing paint makers’ margins just as Birla Opus and JSW Dulux intensify the market-share battle, leaving incumbents to balance price hikes, demand and profitability.
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Crude inflation is squeezing paint makers’ margins just as Birla Opus and JSW Dulux intensify the market-share battle, leaving incumbents to balance price hikes, demand and profitability.
The Tata Group stock opened at ₹35.01 per share today, as compared to previous close of ₹34.44 on Friday and surged an intraday high of ₹37.90.
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On Monday, the Indian stock market faced a notable decline, with both Sensex and Nifty dropping close to 1%. This downturn was largely linked to escalating oil prices and rising bond yields, driven by heightened tensions between Iran and the US.
NSE slipped below their Rs 1,785 IPO price on Monday, taking its market capitalisation to Rs 4.36 lakh crore. Despite the decline, brokerages remain positive on the stock, with Macquarie, Emkay and PL Capital setting target prices between Rs 1,950 and Rs 2,050, citing its market leadership and growth prospects.
Suzlon Energy shares slipped over 2% to a near six-month low, approaching their 52-week low amid higher trading volumes and broader market weakness. Investors are also tracking the company’s Q1 performance and wind energy outlook.
Analysts recommend four stocks for short-term gains of up to 18%, citing technical breakouts, improving momentum and supportive chart patterns amid heightened market volatility and key domestic and global cues.