Paint stocks up in green

Last Updated: Thu, Nov 24, 2016 11:41 hrs
Asian Paints

This has been a good session so far for share of Paint companies even as several front line stocks from across various sectors are down in red on selling pressure.

Asian Paints is up 1.3%, Berger Paints is gaining nearly 5%, Shalimar Paints is advancing 2%, Kansai Nerolac Paints is adding 1.2% and Akzo Nobel is up by about 0.75%.

All the listed paint companies reported healthy second quarter results. A likely drop in activity in the realty sector following the reported hardships faced by realtors on the back of the government's demonetisation move might result in lower earnings for the paint companies in the current quarter, but the long term prospects for most of the players in the sector look fairly bright.

Investors with a long term view can continue to hold stocks like Asian Paints, Berger Paints and Kansai Nerolac and use sharp declines to increase exposure.

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