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HDFC Securities: Berger Paints - Catalysts Missing For A Performance Encore

Berger Paints will have to contend with Asian Paints stepped-up aggression at the bottom of the pyramid, HDFC Securities says.

A worker mixes paint to color zipper sliders during production at manufacturing facility. (Photographer Meg Roussos/Bloomberg)
A worker mixes paint to color zipper sliders during production at manufacturing facility. (Photographer Meg Roussos/Bloomberg)
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