Asian Paints is India's largest and Asia's third largest paints corporation. By , it became the leading paints manufacturer in the country. The four families together held the majority shares of the company. But disputes started over the global rights in s when the company expanded beyond India. The disputes resulted in Choksey selling their Champaklal died in July and his son Atul took over.
'Brighten portfolio with paint stocks; Asian Paints, Berger are good bets'
Compare Berger Paints with Asian Paints - Equitymaster
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Asian Paints announces divestment of Berger Paints Singapore for SGD 4 million
Berger Paints had its colourful beginning in , when Lewis Berger, an enterprising young German chemist had his big breakthrough. He had perfected the manufacturing process for Prussian Blue, one of the most important pigments of that period. This achievement marked the arrival of Berger Paints as a modern paint manufacturing company.
Shares of Asian Paints and Berger Paints India have witnessed healthy gains, in calendar , thanks to upbeat quarterly results and prolonged weakness in some raw materials, including crude oil. Analysts think the paint companies may remain on an upward trajectory for a medium as well as a long-term horizon. On the consumption side, non-institutional demand was keeping the paint companies buoyant, said Nav Bhardwaj, Research Analyst- Institutional Equities at Anand Rathi. In Calendar till September 3, shares of Asian Paints jumped nearly 15 percent, while those of Berger Paints gained 10 percent, against a 1.