Latest Updates Around The World
Retail giant Trent’s 40-45% correction is not a valuation mystery; it is the result of a meaningful slowdown in same-store sales (SSG) growth, says Saurabh Mukherjea, founder of Marcellus Investment Managers. Speaking to ET Now, Mukherjea said the decline is reflective of the broader consumption slowdown in India, but policy support offers hope for 2026. […]
Indian benchmark indices gave up early morning gains to end lower on Monday even as IT stocks had a good run on expectations of the Federal Reserve’s December rate cut. The 30-share Sensex fell 331 points or 0.39%, while the broader Nifty index fell 0.4% to settle below 26,000. Analysts said Nifty is seeing repeated […]
Indian markets remain choppy, but investor opportunities continue to emerge in banking, auto, consumer and select digital stocks, said Sudip Bandyopadhyay, group chairman, Inditrade Capital. In an interview with ET Now, he outlined where he sees clear value – and where caution is needed. IndusInd Bank: Buy now, but wait a year Bandyopadhyay remains bullish […]
Amidst a challenging market environment and uneven corporate profits, Parag Thakkar emerged Fort capital highlighted select blue chip companies and FMCG stocks as attractive opportunities for long-term investors, especially those looking for “contra” bets. While discussing Hindustan Unilever (HUL), Thakkar noted the stock’s long-term underperformance but also expressed confidence in the future. “We recently bought […]
In a conversation with ET Now, market expert Nischal Maheshwari shared his views on the recent market movements, highlighting sectors that are catching investors’ attention and sectors that warrant caution. Asian Paints: A Trade Bounce Commenting on the recent rise in Asian Paints shares, Maheshwari described it as a “trading bounce” rather than a sustained […]
Mumbai: Asian Paints, one of the most ignored stocks in recent years, seems to be back in favor among investors. The stock rose 3.8% to close at ₹2,874.3 on Thursday, extending gains in the past two trading sessions to over 8%, boosted by the sudden departure of rival Birla Opus’ CEO and strong performance in […]
Asian Paints delivered a strong quarterly performance with double-digit volume growth and steady margins, supported by favorable raw material prices and resilient domestic demand. Managing Director and CEO Amit Syngle shared insights with ET Now on pricing, margins, demand trends and the company’s strategy to protect market share amid increasing competition. Raw material costs remain […]
In January 2021, when conglomerate Aditya Birla Group announced its grand entry into the stable paint industry with a huge capital investment that was subsequently increased to Rs 10,000 crore, the clear target was market leader Asian Paints, which dominated more than half the market share in decorative paints. Analysts then started calling this the […]
Shares of Asian Paints hit a fresh 52-week high of Rs 2,838.70 on Wednesday and closed 6.6% higher at Rs 2,832 on the NSE. The rally came after the company reported a 43% year-on-year increase in consolidated net profit in the second quarter to Rs 994 crore, while revenue rose 6% to Rs 8,514 crore. […]
The markets witnessed a volatile session on the weekly expiration day but ultimately ended in the green, extending Monday’s recovery. Technically, analysts say the Nifty has regained its short-term moving average, the 20-DEMA, around 25,600. Staying above this level could open the door for a move towards 25,800-26,000, while any weakness below could lead to […]
