“Asian Paints’ strong revenue delivery and market share gains are impressive; however, rich valuation at 57 times FY24 estimated earnings per share, especially in the context of Grasim’s impending entry limits any upside,” said Axis Capital.
Largecaps showing no fundamental change despite market bounce: Nischal Maheshwari
Investors are closely watching sectors like banking, manufacturing, auto distribution, and aviation after a recent rate cut. Analysts see temporary margin pressure for banks and