HDFC Securities has a 'Reduce' call on Titan with a target price of Rs 4,000, while the brokerage has a 'Sell' rating on Nykaa, pegging the target price at Rs 205.
The paint sector is currently staring down the barrel of high crude sensitivity. Axis pointed out that this industry is the most vulnerable, as around 40-60% of input costs are tied directly to crude derivatives.
Data from ACE Equity shows that several blue-chip stocks from the BSE large-cap index have declined by as much as 25%, delivering negative returns over the past three years
“We prefer Marico and Godrej Consumer in staples, CCL Products and Dodla Dairy in small/ midcaps, and Berger Paints in paints,” Systematix said.
According to the company's investor presentation, the Industrial Business clocked a growth uptick, with the AP-PPG joint venture revenue rising 16.5% and the PPG-AP automotive segment growing 16.9%.
The quarter's net profit was impacted by exceptional items totalling Rs 157.61 crore. This included a one-time expense of Rs 63.74 crore following the new labour codes.
The new facility will have an initial capacity of 55,800 KL per annum and will be spread across 100,000 sqm within the Khalifa Economic Zones Abu Dhabi (KEZAD), Abu Dhabi.
The auto major has announced a recall of 39,506 units of its Grand Vitara sport utility vehicle (SUV). Maruti Suzuki stated that vehicles manufactured between December 9, 2024, and April 29, 2025, are part of the recall.
Asian Paints stock rose 4.49% to a fresh 52 week high of Rs 2,898.20 today. Market cap of the firm stood at Rs 2.74 lakh crore.
Asian Paints share price today: Shares of Asian Paints closed 4.46% higher at Rs 2773 today. Market cap of the firm stood at Rs 2.66 lakh crore.
An analyst from Master Capital Services said that Asian Paints has given a strong breakout from falling trendline resistance, backed by robust volume, indicating renewed buying interest.
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