Asian Paints, Pidilite Ind: Trading strategies for paint stocks post Q2 nos

The overall trend in paints stocks is still bullish with mild profit-booking.

Paint companies have posted a decent set of numbers for the quarter ended September 2020 on the back of strong demand post un-lock and a strong pickup in decorative, automotive, and other industrial coatings business segments. For instance, Berger Paints on Thursday reported a 13.55 per cent year-on-year (YoY) rise in its consolidated net profit at Rs 221.05 crore for the quarter ended September 2020 while Pidilite Industries' profit rose 10 per cent YoY at Rs 356.42 crore. Asian Paints had posted a 1.16 per cent rise in net profit to Rs 851.9 crore on a 5.93 per cent increase