Paints stocks witnesses rosy Picture after Asian Paints quarterly Results
Paints stocks are witnessing smart rally after Paint major Asian Paints announced better than expected Q4 results. Asian Paints declared a stellar topline growth in 4QFY21, with 48% volume growth, led by pent-up demand, especially as demand in Tier I cities recovered sequentially. Asian Paints climbed up by 8% and IndiGo Paints surged by 7%. Both Berger Paints and Kansai Nerolac gained 4% each.