Thursday, 8 January 2015

Free Indian Stock Market Update and Recommendations

Berger Paints India jumps 10.1 pct to an all-time high, Asian Paints gains 1.8 pct.Macquarie initiates coverage on both stocks with "outperform" rating.Says Indian paint industry to grow at a 16 pct CAGR over FY15-17 vs 10 pct in FY12-14 to become a $8.3 bln industry.Crude oil fall and increase in organised segment would aid companies, says Macquarie.Berger Paints stock gains as much as 17 pct this month, including Thursday's rise, Asian Paints rises 4.6 pct this month versus a 10.3 pct fall in Brent crude in January.

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