Asian Paints gains 3% in an otherwise weak market post June quarter results

The company's decorative business segment witnessed improving business conditions in May and June

Shares of Asian Paints gained 3 per cent at Rs 1,769 on the BSE on Monday in an otherwise weak market on sharper than expected recovery and healthy commentary.

At 11:45 am, the stock was trading 2.7 per cent higher at Rs 1,756, as compared to 0.6 per cent decline in the S&P BSE Sensex. It was the top Sensex gainer among the benchmark index's constituents.

The management said that after a complete washout in April’20 due to extended lockdown, the company’s decorative business segment witnessed improving business conditions over the next two months. Thus, while the April-June