paint manufacturers

Paint companies sparkle on price rise, but ‘gains could be short-lived’

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Paint companies sparkle on price rise, but ‘gains could be short-lived’

Shares of paint manufacturers gained Wednesday on news reports that some companies have raised product prices, but analysts warn these upsides will be short-lived as the sector faces pressure on profitability. Indigo Paints soared 10.7%, Asian Paints gained 3.3%, Kansai Nerolac rose 3.4% and Berger Paints moved up 2.5%. “The uptick in the paint stocks … Read more