Paint stocks have lost significant sheen in the equity markets, with leading companies correcting between 10% and 48% from their 52-week highs. While investors remain cautious amid rising competition and margin pressures, analysts still see potential value in the sector at current levels.
Among the biggest losers, Shalimar Paints has plunged nearly 48% from its peak, making it the worst-performing paint stock. The smallcap company currently commands a market capitalisation of around Rs 440 crore.
