At 52x, the stock is trading at a discount to its five-year and ten-year median PE (price-to-earnings) multiples. The stock is quite a distance from its previous peak and closer to its 52-week low. You could blame this underperformance on the rising competition in the paint sector, especially with the […]
Asian Paints
Asian Paints Ltd’s dismal March quarter (Q4FY24) results have only added to investors’ worries amid rising competition in the industry. Shares of the company hit a new 52-week low of ₹2,670.10 on Friday, after closing nearly 5% lower on Thursday, following the Q4 earnings announcement. Investors are nervous about the […]
Long-duration elections in the past have led to temporary logistics disruptions, and the present extreme heat conditions across the country could hamper demand, the management said. This, coupled with a mixed set of fourth-quarter numbers, soured investors’ sentiment towards the stock of the adhesives and sealants maker, dragging its shares […]