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VERIFIEDMint Markets·neutral
Asian Paints, Kansai Nerolac, Berger Paints slump up to 27% YTD. Is it time to buy paints stocks ahead of Diwali?
AI Summary
- ·Asian Paints, Kansai Nerolac, and Berger Paints have seen year-to-date declines of up to 27%.
- ·Elara Securities forecasts 12-13% revenue growth for the paint sector.
- ·Demand is currently subdued due to dealer inventory and competitive factors.