Berger Paints has broken out from a falling trendline on weekly charts, suggesting room for the stock to retest levels closer to its 52-week high of INR710. The stock price may be down by around 9% from its 52-week high, but has recovered by more than 20% since hitting a 52-week low of INR527 on 3 February 2023. The positive momentum has helped Berger Paints breach its 200-week moving average and reclaim falling trendline resistance on the weekly charts. Experts suggest the stock represents a buying opportunity in the range of INR640 to INR630, and further upside potential up to INR700 in the next month.

Nifty futures showed bullish optimism with high rollover rates in May. Nifty Bank saw lower rollover numbers, signaling investors are booking profits. Auto, Cement, Pharma, PSU Banks and Realty sectors are more likely to perform better in the next series, with Grasim and Berger Paints receiving the highest rollover, ONGC, ICICI Lombard and Hero Motor having the least. The Nifty's upside potential could reach 18,800 to 19,000 in the coming period. FIIs remain confident in the Indian markets, while RIL's rally was influenced mostly because of a consolidation breakout and double-bottom formation.

Increased focus on the ‘water proofing & building chemical category will continue to drive revenue growth for Berger. Construction chemicals will form ~10% revenue of decorative paints in the next two years.

Religare Retail Research is bullish on Berger Paints India has recommended buy rating on the stock with a target price of Rs 766 in its research report dated May 16 2023.

Jefferies maintained a buy rating on Max Financial and Polycab India based on their healthy growth trajectory, benefiting from the infra/capex/housing revival. Macquarie retained its underperform rating on Berger Paints, which reported slower Q4 sales performance, due to Grasim's entry. But it maintained an outperform rating on HDFC Life, citing the management's confidence in consistently delivering above industry APE growth and achieving 17-20% growth in the APE and VNB segments, despite regulatory changes and heightened competitive intensity.

EBITDA increased by 6.4% year-on-year to Rs 368.8 crore, but margin falling 70 bps YoY to 15.1% in Q4FY23.

Multiplex chain operator PVR Inox has reported a net loss of Rs 333 crore for the quarter ended March. Revenue from operations during the fourth quarter more than doubled to Rs 1,143 crore.

JSW Group, which internally values the family-held paints business at around $2 billion, has engaged Axis Capital as an advisor for the transaction and has begun preliminary rounds of discussions with several bulge-bracket global private equity funds, they said.

Strong comeback of bullish , fastest retracement ofrecent down fall, huge rising volumes.

GNFC has given a strong breakout on the daily chart with a sharp surge in volumes. The stock has broken out from a falling channel pattern which was in force for the last 2-3 months.

The 17,600 level is expected to be crucial for further direction of the Nifty50 going forward and, if the index manages to hold the 17,500-17,600 area, then 18,000 can be a possibility in coming sessions, experts said

Marcellus Investment Managers has increased its position in Divi's Labs substantially in its flagship portfolio CCP and added it to its Rising Giants portfolio. Other than that, the only other addition has been in Kings Of Capital portfolio that saw the addition of Prudent Corporate. Marcellus' Little Champs portfolio holds Mold Tek Packaging, which is the leader in in-mold packaging for high-end FMCG products, Paushak which is a quasi-monopoly in Phosgene, and GMM Pfaudler, which has 55% market share globally for glass-lined reactors.

The benchmark S&P 500 was little changed on Tuesday as investors stayed on the sidelines ahead of Wednesday's inflation data that could determine the U.S. Federal Reserve's next policy moves.

Berger Paints CEO, Abhijit Roy, has said that there is no need to lower prices in the Indian market if demand continues to hold up. Roy said that following a weak Q3 due to bad weather, the paint industry was back on a growth path with almost double-digit growth expected in Q4. The correction in raw material prices was helping the industry recoup earlier losses, he said.

Campa Cola is priced a bit cheaper compared to other beverages in terms of Pepsi, Coca-Cola or other colas as well. Is this is the beginning of a price war? Will that be something of a threat for these other companies? Campa Cola has not advertised for a few decades. The consumers who used to know Campa Cola may not be a very relevant customer base now because of the positioning of this kind of product. So those would be the bigger challenges.

“The green shoots in demand revival on account of a pick-up in real estate demand will add colours to the sector. Further, the current deflationary trend in raw material prices will be reflected in margins in the coming quarters,” said Antu Thomas, research analyst at

From the record highs, benchmark indices have corrected about 10% and this helped remove some froth over valuation. Valuations are closer to the fair value with Nifty50 trading at around 18 times its one-year forward earnings estimates.

If Grasim grabs a 20 percent market share by FY30, then the industry’s operating margins will contract by only 150 basis points while a 5 percent market share can shave off 400 basis points from the margins

Promoters held 75 per cent stake in the company as of 31-Dec-2022, while FIIs owned 11.11 per cent, DIIs 2.89 per cent.

The consensus report projected top-15 stocks to be contributing 68% to the potential target price upsides of the Top-100 set while the remaining 32% to be contributed by next 85 stocks.