Sunday, September 27
Shares of Asian Paints have gained 8.3% over the past week, rising as much as 1.8% on Thursday, as falling crude prices boosted investor optimism around improving margins for India’s largest paint manufacturer, even as it faces an antitrust probe by the country’s competition regulator.The rally comes amid a drop in global oil benchmarks, which are closely watched by paint manufacturers due to their heavy reliance on crude-linked raw materials. Brent crude futures were down 0.35% at $68.87 per barrel and US West Texas Intermediate crude slipped 0.36% to $67.21 per barrel in early trade Thursday, reversing gains from the prior session.Lower crude prices typically result in reduced input costs, potentially boosting gross margins and profitability, and positively affecting stock prices of
Shares of Tata Steel climbed as much as 1.7% on Thursday, extending a two-day rally to 5.5%, buoyed by firm global cues, a rebound in metal prices, and optimism surrounding the company’s UK operations.The stock has surged over 7% in the past week and is up 21% in the last six months, even as it remains 4% lower on a one-year basis.Tata Steel shares rose over 3% on Wednesday, tracking a broader uptrend in global steel futures after improved factory data from China signaled a recovery in manufacturing output. That rally continued on Thursday as the stock touched an intraday high on the BSE.Wednesday’s gains came after China’s factory activity returned to expansion in June. Official PMI and Caixin PMI both showed the highest output readings since November 2024. This lifted global sentim
