Ganesh Dongre from Anand Rathi suggests investing in Ashok Leyland, Asian Paints, and Kaynes Tech India as they are recommended buy picks. The Nifty 50 is facing resistance at 23,500 but has support at 22,000. Meanwhile, Bank Nifty's range stands between 49,500 and 53,000.
Asian Paints Limited
ASIANPAINTRecent Discussions
Investors are suggested to hold onto Asian Paints and Dixon Tech in the short term due to oil price fluctuations and increased competition in ECMS. Biocon, BSE, DAM Capital, and Titagarh Rail, on the other hand, have been recommended as potential buys or holds, with specific price levels noted for profit opportunities.
Ajit Mishra from Religare Broking advises investors to consider a bullish stance for the BSE market, anticipating growth. On the other hand, Jindal Steel is projected to increase, signaling an uptrend. However, Asian Paints may face bearish conditions with a possible downward movement due to market pressure.
Axis Securities has issued a warning about increased pressure on margins for companies like HUL, Dabur, and Asian Paints due to rising costs of crude and materials. The FMCG, paints, QSR, and retail sectors are experiencing cost shocks, with Jubilant FoodWorks, Trent, and V-Mart being the most vulnerable.
Berger Paints is increasing its prices by 5-10% starting April 9, following a similar move by Asian Paints. This decision comes due to escalating costs of raw materials linked to crude oil, and the paint industry is experiencing margin pressure as a result of global energy volatility.