In the past 20 years, paint manufacturing behemet, atian paints has hihe prices by a measly 3 % every year. But now the company has finally rolled up its leaves and it's about to get down to business. From the twelfth of november, the market leader, achen pains, is hiking prices by seven to ten%. And that doesn't vote well for the company.
Once the darling of the stock market, this paint manufacturer hasn’t had a great run in the past year. While the Sensex is up by over 50%, Asian Paints has delivered only 30%.
And in today’s episode for October 30th 2021, we see what’s plaguing the company