Asian Paints, Berger Paints: Can rising crude oil prices dent sentiment?

Consumption of discretionary and non-discretionary items is likely to pick up pace over the next few months as more Indian cities gradually emerge from the lockdown triggered by the second wave of Covid infections. 

The onset of festival season going ahead is also likely to spur consumption. Among the broad consumption basket, shares of Asian Paints and Berger Paints India hit their respective record highs on the BSE in May on expectation of strong volume growth, riding the potential demand shift from unorganised segment. READ MORE HERE

Global markets are currently underestimating the demand for oil as more