Planning is necessary before getting painting because there are many types of expenses involved, such as expenses on paint, putty, plaster of Paris
Now that crude oil has fallen this means that companies will have better margins
Going by market reactions to Q2 performance so far, it appears that investors are suddenly waking up to the harsh reality inflation isn’t transient.
The company intends to take a price hike to offset raw material pressure that impacted margins in Q2
Asian Paints declined 6.29% to Rs 2,969.50 after the company posted a 28.2% decline in consolidated net profit to Rs 595.96 crore in Q2 FY22
Market participants will be eyeing the foreign exchange reserves data to be announced on October 22.
On a year-to-date basis, shares of the company have gained over 14% till date, while the benchmark BSE Sensex has advanced 9% during the same period
The barometer index, the S&P BSE Sensex, dropped 354.89 points or 0.68% at 52,198.51. The Nifty 50 index slipped 120.30 points or 0.76% at 15,632.10.
Asian Paints' net profit more than doubled to Rs 574.3 crore against Rs 219.6 crore year-on-year
Credit Suisse removed Tata Steel from its 30-stock portfolio and added Hindalco citing an aluminium-to-steel price ratio near a two-decade low, an inv