HSBC Lowers Share Price Targets for Asian Paints, Berger Amid Sector Cost Inflation

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HSBC Cuts Asian Paints, Berger Targets on 'Cost Inflation' Return

HSBC Cuts Asian Paints, Berger Targets on 'Cost Inflation' Return

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CNBC TV18•06-03-2026, 13:00

HSBC Cuts Asian Paints, Berger Targets on 'Cost Inflation' Return

•HSBC has reduced share price targets for Asian Paints and Berger Paints India.
•The brokerage cites the return of 'cost inflation' to the paints sector after nearly four years as the reason.
•Asian Paints' target was cut to ₹2,600 from ₹2,900, and Berger Paints India's to ₹500 from ₹540.
•Despite the target cuts, HSBC has retained its 'Hold' rating on both stocks.
•Companies may benefit from price increases if input costs persist, but the competitive landscape has evolved.

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