The group has a share of over 55 per cent in the organised domestic paints market (the second-largest player has a market share of 19 per cent).

The remaining 40 per cent of the equity share capital would be bought over the fiscal year 2025-2026 for a maximum consideration of Rs 360 crore

Going ahead, volatility is what the market participants would continue to hear every now and then as quelling the market expectations of a cut next year, the officials hinted that no cut would be seen in 2023. And, moreover, the central banks around the world are anteing up the pace of rate hikes.   

His strategy was that on each of his birthdays till he gets a decent job, every year, he will invest just Rs 1,000 in the stock of Asian Paints. And, when he gets a job, he will increase his capital by two-fold and so on.

The stock has been gaining for the past five consecutive sessions, and has gained over 25.75 per cent. 

At 12.30 pm on Wednesday, the core equity indices i.e., Sensex and Nifty 50 were flat as the global markets were also exhibiting positive cues today.    

Now, we are entering the month of May on a very fragile note and also coming across a number of priests pontificating about the gloom & doom times ahead of us, given the fact that Nifty has witnessed a ‘Death Cross’

On Tuesday, the headline equity indices i.e. Sensex and Nifty ended on a higher note by regaining their lost levels of Monday.  

On Wednesday, the Indian equity markets ended lower on the second consecutive day, as the US markets dipped over the concerns expressed by Fed Governor Lael Brainard as well as Fed President Mary Daly, who hinted at the speedy tightening of inflation by hiking the rates.