Why Are Paint Stocks Buzzing In Trade?

Nuvama, taking an anti-consensus stance, recommends 'buy' on all three leading paint makers-Asian Paints Ltd., Berger Paints India Ltd., and Indigo Paints Ltd.-citing a revival in the rural economy even as lower raw material costs improve margins. This posture by the brokerage is against the consensus stance taken by other brokerages like Citi's 'sell' call on Asian Paint and Morgan Stanley's 'underweight' call on Berger Paint, among others. The optimism is, however, tempered by concerns about new entrants in the paint industry like Grasim's Birla Opus and changing industry dynamics.
#paints #asianpaints #bergerpaints
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