InvestorQ : Why has the stock of Indigo Paints fallen so sharply despite good performance?
Chandralekha Desai made post

Why has the stock of Indigo Paints fallen so sharply despite good performance?

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NISHA Nayak answered.
6 months ago
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Indigo Paints just touched a 52-week low of Rs.2,137. There are several concerns over its operational performance, especially the pressure emanating from higher input costs in the light of stiff crude prices. Indigo Paints has already lost 36% from its recent highs, although the stock is still well above its IPO price of Rs.1,490. While, like other paint makers, Indigo has also suffered input cost impact, its gross margins are healthy and best in class at 41.7%.

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