
Nuvama Recommends 'Buy' On Paint Incumbents Despite Rising Competition

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...
The first quarter of fiscal 2025 saw firm volume growth across the paint industry, although margins disappointed due to factors like prior price cuts and a lack...
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