Asian Paints nears all-time high; stock up 33% in FY19

The company had reported a stellar performance in the October-December quarter (Q3FY19), driven by around 20 per cent volume growth -- highest since FY11

Asian Paints shares were up 2 per cent at Rs 1,489 in the intra-day trade on the National Stock Exchange (NSE) on the expectation of higher volume traction in decorative paints segment across categories. The stock was trading close to its all-time high level of Rs 1,491 hit on July 25, 2018, in intra-day deal.

In the past five months, Asian Paints outpaced the market by surging 25 per cent, as compared to a 13 per cent rise in the S&P BSE Sensex. Thus far in the financial year 2018-19 (FY19), the stock has rallied 33 per cent against the