Asian Paints gains 5% amid a historic drop in oil prices, nears record high

The stock has rallied 21% in the past month.

Shares of Asian Paints hit an over one-month high of Rs 1,817, up 5 per cent on the BSE on Wednesday on the back of historic drop in crude oil prices. The stock of the decorative paints leader was trading at its highest level since March 13 and rallied 21 per cent in the past one month. In comparison, the S&P BSE Sensex was up 4 per cent during the period. It hit an all-time high of Rs 1,916 on March 9, 2020.

Having a 50 per cent market share in the organised space, Asian Paints enjoys dominance in