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Off late, Brent Crude prices are on a downhill. They have crashed 15 per cent from the peak of $77.80 a barrel level and are currently trading around $72 a barrel after recovering from the low of $67.42 hit earlier in the week. This drop in crude prices has a positive impact on paint stocks.
No wonder, the stocks of Asian Paints, Berger Paints and Pidilite Industries have scaled news highs in trade today. Even on a year-to-date (YTD) basis, their performance has been noteworthy with Pidilite Industries rallying 32 per cent and Asian and Berger Paints up 15 per
