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Crude oil surge may trigger paint price hikes; analysts bullish on Asian Paints, Berger Paints

Buzz line1 week ago07 mins

Crude oil prices are back near $100 per barrel level in the international markets as escalation in the US-Iran war continues to cause supply disruptions. While the Strait of Hormuz remains effectively blocked, the situation is likely to get worse, with rising fears of imported inflation in India. Brent crude oil price surged 6.6% to…

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Paint stocks fall up to 2% amid four-day crude oil rally; Asian Paints top loser

Buzz line2 months ago04 mins

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…

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