Paint shares shine in a weak market; Asian, Berger Paints hit record highs

In the past three months, Asian Paints and Berger Paints have rallied 28 per cent and 19 per cent, respectively as compared to a 4.6 per cent rise in the benchmark Sensex

Shares of paint companies were in the limelight on Thursday with sector giants Asian Paints and Berger Paints surging 3 per cent each to hit their respective fresh highs of Rs 2,232 and Rs 625 at the bourses in an otherwise weak market on expectation of higher volume growth. In comparison, the S&P BSE Sensex was down 0.29 per cent at 39,787 points at 01:38 pm.

In the past three months, Asian Paints and Berger Paints have rallied 28 per cent and 19 per cent, respectively, as compared to 4.6 per cent rise in the benchmark Sensex.

Brokerages believe that the volume