The paint industry is highly dependent on the performance of the real estate sector, which has been sluggish for the past few years. Paint companies have entered various businesses to decrease their dependence on the realty segment. According to the FY22 annual report of Asian Paints Ltd, it is the leading paint manufacturer in India and has not fallen behind other companies when it comes to diversifying its portfolio.
Nifty can cross 32K in 2026 bull case scenario: Kotak Securities
In a recent note, domestic brokerage firm Kotak Securities has projected a bull case target of 32,032 for the Nifty 50 index by December 2026,