New Delhi— The Indian paints sector witnessed a mixed day on Monday, with gains in some marquee stocks offset by declines in others, as global market cues and domestic factors kept investors cautious.
📈Indian Paint Top Movers
Sirca Paints India Ltd led the gainers, climbing 2.47% to close at ₹500.50, approaching its 52-week high of ₹512.60. The stock showed strong buying momentum throughout the session, reflecting growing investor confidence in specialty paint manufacturers.
Hardcastle Paints Ltd followed suit with a 3.3% gain, while established players such as Asian Paints Ltd ended the day slightly higher at ₹2,351.80, up 0.49%, after oscillating between ₹2,337 and ₹2,366 during intraday trading.
Berger Paints India Ltd also contributed to the positive sentiment, benefiting from steady domestic demand and ongoing construction activity.
📉 Stocks Under Pressure
The sector also saw some declines. Asahi Songwon Colors Ltd fell 3.2%, while Kamdhenu Ventures Ltd dropped 1.5%, reflecting selective profit booking and cautious investor sentiment.
Despite the pullback, Kansai Nerolac Paints Ltd demonstrated resilience, crossing above its 200-day moving average, hinting at a potential positive breakout in the near term.
🏭 Sector Overview
Overall, the paint sector remained mixed but resilient, with gains concentrated among specialty and large-cap companies, while smaller players faced selling pressure. The market’s performance was influenced by global trade tensions, especially between the U.S. and China, alongside domestic economic indicators that investors are watching closely.
Analysts note that “the paint sector continues to show selective strength, with companies benefiting from industrial demand and specialty coatings likely to outperform,” signaling cautious optimism in the medium term.
Monday’s session highlighted the uneven performance across the paints sector. While leaders like Sirca Paints and Asian Paints maintained upward momentum, mid and small-cap stocks faced pressure.
Investors are expected to watch quarterly results, government construction activity, and commodity price trends closely to gauge the sector’s near-term direction.