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Asian Paints, Berger Paints Still A Buy For Systematix Amid Crude Volatility; Sees Upside Up To 38% — Here's Why

The brokerage recommends 'Hold' rating on Kansai Nerolac stock - details inside

Asian Paints, Berger Paints Still A Buy For Systematix Amid Crude Volatility; Sees Upside Up To 38% — Here's Why
While there is near-term caution on the impact of volatile crude on pricing, margins and volume growth, the brokerage notes this is still an unfolding story with multiple possible endgames.
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STOCKS IN THIS STORY
Kansai Nerolac Paints Ltd.
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Asian Paints Ltd.
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Berger Paints India Ltd.
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NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Systematix Report

While there is near-term caution on the impact of volatile crude on pricing, margins and volume growth, the brokerage notes this is still an unfolding story with multiple possible endgames.

Systematix continue to prefer Berger Paints India Ltd. (Buy, target price Rs 570), noting its consistent growth outperformance with momentum across decorative and industrial.

While Asian Paints Ltd. (Buy, target price Rs 3,160) pricing power is a positive in the current environment, the brokerage awaits industry demand acceleration before turning more positive.

Click on the attachment to read the full report:

Systematix Paints Sector Update.pdf
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