
Paint stocks showed mixed movement on Monday as crude oil prices climbed over 2%, with Brent surpassing $81 per barrel. Here’s how the paint stocks performed:
Top Decliners
- Grasim Industries: ₹2,307.80 (-2.44%)
- Kansai Nerolac: ₹246.85 (-2.70%)
- Asian Paints: ₹2,273.05 (-2.10%)
Other Notable Performances
- Berger Paints: ₹455 (-1.15%)
- Indigo Paints: ₹1,271.90 (-1.41%)
- Akzo Nobel: ₹3,721.75 (-0.36%)
Scrip | BSE Price (₹) | NSE Price (₹) | % Change |
---|---|---|---|
Akzo Nobel | ₹3,721.75 | ₹3,725.00 | -0.36% |
Asian Paints | ₹2,273.05 | ₹2,271.95 | -2.10% |
Berger Paints | ₹455 | ₹454.50 | -1.15% |
Grasim Industries | ₹2,307.80 | ₹2,308.90 | -2.44% |
Indigo Paints | ₹1,271.90 | ₹1,267.75 | -1.41% |
Kansai Nerolac | ₹246.85 | ₹246.95 | -2.70% |
Sirca Paints India | ₹305.40 | ₹303.85 | -0.08% |
The surge in crude oil prices has raised input costs for paint manufacturers, particularly as crude derivatives like titanium dioxide and solvents are key raw materials. This cost pressure is reflected in the declining share prices of major paint companies.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.