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Analysts were concerned about the delay in demand recovery, increased competition, and weak management guidance, which could negatively affect the stock's prospects in the near-term
The momentum in the Indian markets was fuelled by reports of record GST collections in April. Furthermore, global markets provided support largely driven by strong performance in the US market
Despite industry challenges and competition, they maintained Berger Paints’ position as the second-largest paint company in India, demonstrating strategic leadership and savvy business acumen.
Stocks that were in focus included names like TVS Motor, which rose 2.22%, Berger Paint, which increased 0.7%, and Tata Communication, whose shares declined 1.55% on Monday.