Shalimar paints has good headroom for growth: Prakash Diwan

In a chat with ET Now,Prakash Diwan, Director, Altamount Capital Management, shares his views on paint stocks.

ET Now: Any ideas that you would have for our viewers, you can make your standard disclosures as well but anything that is looking attractive right now?

Prakash Diwan: While Asian Paints and all have done so well we believe that some of the lower price point oriented paint companies like Shalimar would benefit much more. Shalimar is under owned relatively and there is enough headroom for growth there.

The distemper segment of the paint business is where it takes off when you have new construction happening so Shalimar is very well entrenched in that segment so that could benefit and the ratio of the input price out there for the throughput is much higher than plastic emulsions.