Paint stocks in focus; Asian Paints, Berger Paints hit record highs

In the past three months, Asian Paints (up 22 per cent) and Berger Paints (up 19 per cent) outpaced the benchmark index, which gained 8 per cent during the same period

Shares of paint companies were in focus at the bourses on Tuesday, with Asian Paints and Berger Paints hitting their respective record highs on the BSE on expectation of healthy revenue recovery and operating margins.

Asian Paints gained 3 per cent to Rs 2,090, surpassing its previous high of Rs 2,087.75, hit on September 10, 2020. Berger Paints, too, rose 3 per cent to Rs 607.80, also its all-time high on the BSE. Earlier, the stock hit a high of Rs 599.50 on September 29, 2020. In comparison, the S&P BSE Sensex was up 0.85 per cent at 39,305