Quote on Paint sector outlook By Antu Thomas, Geojit Financial Services.
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Below the revised quote on today`s surge in Paint stocks from Antu Thomas, Research analyst at Geojit Financial Services.
The green shoots in demand on account of a pick-up in real estate is adding colours to the sector. Brent crude is currently trading at a three-month low and the deflationary trend in other raw material prices will get reflected in margins in the coming quarters. Currently, the paint stocks are trading below their long-term valuation, which provides a bargain opportunity to the investors as the story remains intact. The sustenance of this rally will depend on a prolonged demand recovery in discretionary spending and a drop in inflation.
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