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Indigo Paints stock down over 42% in last one year

Shares of Indigo Paints ended with a modest gain of 1.12 percent on Wednesday after three consecutive days of losses.


The stock has been under strong pressure in the last one year, down 42 percent against a 5 percent gain in the benchmark Sensex index.


Q3FY23 net revenue from operations rose 5.95 percent YoY and net profit rose 8.06 percent YoY.

Brokerages have mixed views on the stock, with Sharekhan by BNP Paribas maintaining a 'buy' call and ICICI Securities maintaining a 'hold' call.


Kotak Institutional Equities has a 'reduce' call on Indigo Paints stock and cut the target price to 1,190 from 1,475.


The prospects of Indigo Paints stock do not look bright as brokerages have mixed views on the stock.


Even those, who maintained a ‘buy’ or ‘hold’ call on the stock, have trimmed their estimates after its December quarter numbers.


Key risks to the company include increased competitive pressures from large players and a sustained rise in key input prices.


Click here to know more about Indigo Paints stock.

Indigo Paints stock down over 42% in last one year; should you buy it now?

The prospects of Indigo Paints stock do not look bright as brokerages have mixed views on the stock. Even those, who maintained a ‘buy’ or ‘hold’ call on the stock, have trimmed their estimates after its December quarter numbers.

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Indigo Paints stock down over 42% in last one year; should you buy it now?

The prospects of Indigo Paints stock do not look bright as brokerages have mixed views on the stock. Even those, who maintained a ‘buy’ or ‘hold’ call on the stock, have trimmed their estimates after its December quarter numbers.

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