Asian Paints faced a challenging second quarter with muted demand due to uneven rainfall and a slowdown in metro cities. Despite price hikes, competitive intensity remains high. The company is cautiously optimistic about single-digit volume growth in the coming quarter while closely observing AkzoNobel's strategic review of its India business.
After refiling their IPO documents in August, the companies gained regulatory approval between November 4 and 8. Their shares will be listed on the BSE and NSE
Notably, four of these stocks have doubled investors' wealth over the past four months. The analysis targeted stocks with a market capitalization exceeding Rs 1,000 crore and strong trading volumes.
So far, Swiggy has distributed Rs 500 crore in Esops, and the public listing could significantly boost returns for employee shareholders. Sources told ET that 500 employees stand to enter the crorepati club through the public offering.
Over the last five weeks, a total of $575 million have been pulled out of India-dedicated funds, Elara Capital said. Out of the $575 million, a total of $360 million was redeemed from largecap funds, while $215 million was withdrawn from mid-cap funds.
Also, the marriage season is going to be better and that will help a lot of the discretionary demand in terms of gifting, in terms of paints, etc. So, we do see that volume growth for most companies in H2 should be better, plus pricing growth of 2% to 3% will gradually come back
