Asian Paints stock surged over 8% in two trading sessions, driven by a strong second-quarter performance and the exit of a rival CEO. The company’s net profit jumped 43%, exceeding expectations and prompting price target upgrades from analysts. Despite renewed investor interest, some analysts remain cautious about a sustained rally, citing capped upsides after the recent run-up.
AI stocks: Midterm elections could threaten AI trade as data center backlash grows
Public opposition to US data centers and the November midterm elections could reshape AI infrastructure investment. Increased regulatory scrutiny, rising electricity costs and construction delays