New Delhi, Jan. 14 -- Indian paint stocks, including Asian Paints, Berger Paints, and Shalimar Paints, traded lower in Wednesday's session (January 14), reflecting weak broader market momentum as crude oil prices extended gains to a fourth consecutive session.
Rising crude oil prices are a concern for India, which imports around 85% of its crude requirements. Sectors that rely on crude-based raw materials-such as the paint industry-are likely to be impacted, as higher prices increase input costs, compress gross margins, and weigh on profitability for paint manufacturers.
Against this backdrop, Asian Paints shares fell 2.1% to Rs.2,826 apiece, while Indigo Paints declined 2% to Rs.1,198. Shalimar Paints slipped 1% to Rs.67.30, while Berg...
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