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    Flashing Red! ICICI Securities has reduce rating on 4 paints stocks

    Sectoral Play
    1/6

    Sectoral Play

    ​ICICI Securities in a recent report advised investors to stay underweight on paint stocks. "We believe the likely increase in competitive intensity may hurt industry profitability and cap valuation multiples," the brokerage said.

    Shutterstock.com
    Akzo Nobel
    2/6

    Akzo Nobel

    Rating: Reduce
    Target Price: Rs 2,650
    Previous Close: Rs 2707.50
    Downside Scope: -2%

    ETMarkets.com
    Asian Paints
    3/6

    Asian Paints

    Rating: Reduce
    Target Price: Rs 3,000
    Previous Close: 3260.45
    Downside Scope: -8%

    IANS
    Berger Paints
    4/6

    Berger Paints

    Rating: Reduce
    Target Price: Rs 655
    Previous Close: 709.90
    Downside Scope: -8%

    Indigo Paints
    5/6

    Indigo Paints

    Rating: Reduce
    Target Price: Rs 1,500
    Previous Close: Rs 1514.85
    Downside Scope: -1%

    ETMarkets.com
    Kansai Nerolac
    6/6

    Kansai Nerolac

    Rating: Add
    Target Price: Rs 360
    Previous Close: 326.95
    Upside Scope: 10%

    ET Bureau & Agencies
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    Akzo Nobel shares
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    Berger Paints shares
    Indigo Paints
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