India's Asian Paints up after plans to set up ethylene plant

JSW Dulux

07/03/2024 08:47

** Shares of Asian Paints  ASPN.NS  up 2.4% at 2,894 rupees
    ** Rise after ASPN says unit entered into agreements with
Gujarat Chemical Port to set up ethylene storage and handling 
facility in Dahej, Gujarat
    ** Stock set to rise for the week, if gains hold, after two
straight weekly losses 
    ** Avg analyst rating on ASPN, Kansai Nerolac  KANE.NS ,
Indigo Paints  INDG.NS  and Akzo Nobel India  AKZO.NS  is
'hold', while Berger Paints  BRGR.NS  is rated 'sell' - LSEG
data     
    ** ASPN down 15.4% YTD vs Nifty 50  .NSEI  index's 3.5% rise
    ** BRGR, AKZO, INDG and KANE declined between 4% and 15% YTD
    
    
    

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))