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

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

real estate market: Residential real estate at a 15-yr high; commercial may see best ever year: Anuj Puri

real estate market: Residential real estate at a 15-yr high; commercial may see best ever year: Anuj Puri

“I think after a very-very long time I have discovered that the developers have been extremely mindful of bringing in more cash flows and deleveraging their position rather than continuously increasing the prices and somewhere hurt the sort of sales of their residential,” says Anuj Puri, Chairman, ANAROCK Group.Let us just get in a sense … Read more