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Nomura Turns Bullish on Indian Paint Majors, Upgrades Asian Paints and Berger Paints to 'Buy'
ByAinvest
Thursday, Nov 6, 2025 10:17 pm ET1min read
Nomura has upgraded Asian Paints and Berger Paints to 'Buy' citing stability in margins and dealer relationships as a "re-rating event". The brokerage believes the worst of competitive pressure is behind, and future competition will be measured rather than disruptive. Nomura raised its target price for Asian Paints to ₹3,100 and for Berger Paints to ₹675, implying an upside potential of around 30-35%.
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