Your Result on : Detailed News
Paint stocks jump after price hikes by industry leaders
10-Jul-24   15:31 Hrs IST

Indigo Paints (up 11%), Sirca Paints India (up 5.62%), Kansai Nerolac Paints (up 3.40%), Asian Paints (up 3.27%), Berger Paints India (up 2.53%), Shalimar Paints (up 1.24%) and Akzo Nobel India (up 0.70%) surged.

Asian Paints, India's largest paint manufacturer, reportedly hiked prices by 0.7-1% across its product portfolio. Berger Paints, another major player in the industry, is reportedly implementing a similar price increase of 0.7-1%, effective 22 July 2024.

The price hikes by these leading companies could signal a potential trend in the paint sector. Investors reacted positively to the news, as evidenced by the surge in paint company stocks.

Powered by Capital Market - Live News

Risk Factor   |   Terms & Conditions   |   Privacy Policy   |   Disclaimer   |  Sitemap 
Important Links:   SEBI   |   NSE   |   BSE   |   MCX   |   NCDEX   |   NSDL   |   CDSL  |   FMC
SMS FINANCIAL SERVICES P. LTD -NSE SEBI No. AP1413004363 | BSE SEBI No. AP01091801121968
Ganesh S Shanbhag – AMFI Registered Mutual Fund Distributor. Registration Number – ARN-0988 – Valid Till 01/JUL/ 2027, Date of initial registration: 02/DEC/2004
2017-18 © SMS Financial Services. All rights reserved. Designed, developed & powered by C-MOTS Infotech (ISO 9001:2015 certified)