Asian markets traded higher as investors evaluated China's growth and inflation targets, though escalating global trade tensions and U.S. tariffs weighed on sentiment. The Nikkei, Hang Seng, and Shanghai indices gained 0.24%, 2.37%, and 0.12%, respectively.

Retail Research

group company has intensified competition in the paints sector, leading to sectoral deratingcould act as a trigger for a similar derating in the W&C sector. As a result, we have downward revised our target multiple for W&C companies under our coverage, KEI/Polycab reduced from 45x to 40x, with revised TP of Rs 4,280 (Rs 5,041 earlier)/Rs 7,152 (Rs 8,233) and RR Kabel reduced from 31x to 27x, with revised TP of Rs 1,292 (Rs 1,812 earlier). UltraTech's planned capex of Rs 18bn appears significant for the W&C sector, where the combined average capex of the five listed players is estimated to be...

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Retail Research

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Retail Research

Retail Research