PAINTING

Positive Breakout: These 4 stocks close cross above their 200 DMA

Here's why Abneesh Roy is bullish on Asian Paints and Berger

Plus, the base margins for Asian Paints are very high and that is why they have taken around 3-4% price cut in the earlier quarters and now they have reversed this with around 0.7% to 1% kind of a hike in most parts of the portfolio

Should you worry about discounts on SUVs by auto companies? Siddhartha Khemka explains

Siddhartha Khemka from MOFSL highlights concerns over M&M's SUV price cut amid strong demand, causing profit booking before the festive season. Asian Paints faces competition and slow volume growth, affecting net profits despite potential price hikes. M&M's celebratory offer has no inventory buildup, amid good monsoon, rural recovery, and attention spike after a harsh summer.

​Market Trading Guide: Asian Paints, IRFC among 8 top stock recommendations for Thursday

Equity benchmark indices Sensex and Nifty buckled under heavy selling pressure to sink below record high levels on Wednesday, tracking deep losses in metal, auto and IT stocks amid widespread profit booking after recent gains. The 30-share index closed lower by 427 points or 0.53% at 79,923. The NSE Nifty dropped 109 points or 0.45% to settle at 24,324. "The near-term uptrend status of the market remains intact. But the market seems to have started signs of profit booking around 24,400-24,500 levels. However, a move above 24,465 could negate this bearish setup. Immediate support is at 24,150 levels," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities. Here are 8 stock recommendations for Thursday: Here are 6 stock recommendations for Wednesday:

Asian Paints and Berger Paints shares surge up to 4% on price hike

In Q4 FY24, Asian Paints reported a net profit of Rs 1,257 crore, up 2% year-on-year (YoY) from Rs 1,234 crore in the same quarter of the previous year. However, its revenue from operations slightly declined to Rs 8,731 crore compared to Rs 8,787 crore in the same quarter last year.

F&O stocks: Asian Paints, Manappuram Finance among 5 stocks with long buildup

In Wednesday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

RVNL, REC among BSE500 stocks defying today's market downtrend

Despite gains for RVNL, CAMS, and REC, the bearish market saw Sensex and Nifty crashing. RVNL gained 8%, CAMS 4%, and REC over 3%. Mahindra & Mahindra fell 7%, signaling weak auto demand. Media, PSU banks, real estate, and oil and gas sectors suffered. Sensex and Nifty's crash impacted smallcaps significantly.

Mundane Monday: Sensex, Nifty settle on flat note in muted trade

Profit-taking, weak Asia cues drag markets lower. ITC, RIL gains were not enough to counter HDFC Bank, Titan drag. In sectoral performance, Nifty Bank, Auto, Media, Metal, Pharma, Realty, and Consumer Durables ended lower, while Nifty FMCG, IT, and Oil & Gas closed higher. Among individual stocks, PC Jeweller surged to lock in the 10% upper circuit after receiving approval from Punjab National Bank (PNB) for a one-time settlement of its outstanding dues.

Welspun One raises over Rs 2,275 cr through second logistics fund

Welspun One has raised Rs 2,275 crore through its second fund, attracting a diverse pool of investors. The fund aims to invest in new age warehousing assets to enhance logistics infrastructure in India and contribute to economic growth.

These 7 largecap stocks that just got demoted to midcap

AMFI has released the updated market capitalisation list for H2CY24. Around seven largecap stocks will be midcap stocks from August 2024.

Mahindra & Mahindra selects ABB technology for new EV paint facility

M&M partners with ABB using PixelPaint tech to offer precise finish application without disrupting production line for personalization options on new EVs, marking a significant advancement in the automotive industry.

M&M, Power Grid, 11 other stocks outperform Sensex in its fastest 10,000 points marathon

As a NEWS EDITOR, investors are urged by Nilesh Shah to maintain a long-term perspective and proper asset allocation as Sensex reaches the 80,000 milestone. He draws parallels with Nasdaq's history and notes Gold's outperformance compared to Nifty in the first half of 2024.

Asian Paints doubles production capacity at Mysuru plant for Rs 1,3o5 crore investment

Asian Paints is investing heavily to expand production capacity at various plants. The company is doubling capacity at the Mysuru plant and increasing capacities at Ankleshwar, Kasna, and Khandala. Additionally, a new water-based manufacturing facility in Madhya Pradesh is underway. CRISIL Ratings forecasts a significant growth in the organized paints sector. Aditya Birla Group's new brand, Birla Opus, targets to secure the position of the second-largest player in the market.

In Pics: Monsoon paints Mumbai with rain, yellow alert issued

Monsoon has entered Mumbai and is currently in full swing, with the weather department predicting rainshowers almost every day. The city, despite all the rain-related hassles, has been painted by Nature herself with rain water.

AIF & PMS Conclave 2.0: Saurabh Mukherjea on five big themes in India where investors stand to benefit

Market veteran Saurabh Mukherjea on Wednesday said five big themes that have contributed to a rise of new elite in India can make their way into the portfolios of investors looking for consistent returns.

Painting looted by Napoleon can now fetch $32 mn at auction

​The artwork, part of the collection at British stately home Longleat House, will headline Christie's Old Masters Part I sale on July 2, with a price estimate of 15 million pounds to 25 million pounds ($19 million to $32 million).

King Charles III painting vandalized by animal rights activists

The painting is protected by a sheet of plastic and wasn't damaged, according to the Philip Mould Gallery, where it is on display.

Buy Berger Paints (India), target price Rs 575: Anand Rathi

Berger Paints (India) Ltd., incorporated in the year 1923, is a Large Cap company (having a market cap of Rs 57351.34 Crore) operating in Building Materials sector.

Shivaji's life depicted in 115 paintings at a Delhi exhibition

​Mohan, in his address, extolled the Maratha ruler traced the genesis of the exhibition and added that Gore has "agreed to gift" this collection to the Ministry of Culture, and there is a plan to give it a permanent space in Delhi.

​12 Movies Scenes Which Were Inspired By Paintings ​

11 Dresses Which Were Inspired By Paintings

Once-lost Caravaggio painting to go on display in Spain's El Prado

​Caravaggio, who died in 1610 in his late thirties after a turbulent life, was a master of using the "chiaroscuro" technique of lighting to make his subjects seem to come alive.

Spanish police recover Francis Bacon's painting worth $5.4 mn

The 1989 'Study for Portrait of Jose Capelo' is the fourth painting to be recovered of the group, estimated to be worth a combined 25 million euros.