Mutual funds' largecap investment universe is expected to see seven changes in the upcoming stock reclassification exercise by the Association of Mutual Funds in India (Amfi). According to a report by IIFL Securities, Hero MotoCorp, Zydus Lifesciences, JSW Energy, NHPC, Bharat Heavy Electricals, Bosch and Samvardhana Motherson are expected to earn upgrades in the revised list of largecap, midcap and smallcap stocks set to be released in the first week of July. Amfi revises the list at the start of January and July every year based on the previous six-month performance of the stock.
Midcap stocks Hero MotoCorp, Zydus Lifesciences, JSW Energy, NHPC, Bharat Heavy Electricals, Bosch, and Samvardhana Motherson are expected to earn upgrades.
'Which is growing fast and where we are very strongly positioned.'
Following a strong performance in the 2022-23 January-March quarter, publicly listed paint industry giants displayed a mixed performance in the 2023-24 (FY24) April-June quarter. While Berger Paints India outperformed its peers and reported results in line with expectations, market leader Asian Paints and Kansai Nerolac Paints fell slightly short of expectations.
Company's loss-making Russian arm painted three World Cup soccer venues, and two airports to break even this fiscal; Berger now mulls acquiring competing painting companies.
Berger Paints India Ltd decided not to amalgamate its arm Berger Auto & Industrial Coatings Ltd with the company.
Indian companies had invested $7.34 billion.
Come 2007 and children would be able to paint their imagination in 5 different ways.
Reliance Industries accounted for Rs 6.3 trillion in wealth created since 1995; closest rival was Hindustan Unilever which was at Rs 4.9 trillion.
Just ahead of the festive season, paints major Berger Paints India Ltd has effected a re-branding exercise with a new logo, aiming to tap the top end of the Rs 8,000 crore (Rs 80 billion) paints market in India.\n
Market breadth turned negative with 1,779 declines over 884 advances on the BSE
Markets ended higher for the second straight session mainly on the back of upbeat corporate earnings.