Nirmal Bang

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

A Relationship Beyond Broking

External broker reports(aggregated public sources), Nirmal Bang

External broker reports(aggregated public sources)

Thematic (Sector/Industry)

India Utilities / Thematic (Sector/Industry)

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<li>Paints sector: Demand is expected to remain firm in 1QFY23 as April’22 and May’22 have been very encouraging.</li>
<li>On a 3-yr CAGR basis, even though we are building in slight softening in volume growth, it still remains in double digits (refer exhibit 4&amp; 5).</li>
<li>Both our coverage paint companies have taken further pricing actions in May’22 and June’22, with a combined hike of ~2%, to combat the elevated RM prices.</li>
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<p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>






Paints sector: Demand is expected to remain firm in 1QFY23 as April’22 and May’22 have been very encouraging.
On a 3-yr CAGR basis, even though we are building in slight softening in volume growth, it still remains in double digits (refer exhibit 4&amp; 5).
Both our coverage paint companies have taken further pricing actions in May’22 and June’22, with a combined hike of ~2%, to combat the elevated RM prices.





Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Consumer Sector -  Robust Demand and Low Base to Drive Strong YoY Growth in 1QFY23