Brokerages highlighted that the country's largest paint company has lost market shares with rising competitive pressures and weakness in demand.
Global brokerage Jefferies maintained an "underperform" rating on Asian Paints with a price target of ₹2,100. Jefferies said that it remains concerned about competition which has also blurred the future outlook for the company.
This story is from the November 12, 2024 edition of The Morning Standard.
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This story is from the November 12, 2024 edition of The Morning Standard.
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