Paint stocks in focus; Asian Paints, Berger Paints hit new high

Shares of paint companies were in focus with Asian Paints and Berger Paints India hitting their respective new highs on the BSE on expectation of a healthy volume growth in April-June quarter (Q1FY19).

Berger Paints India has rallied 4% to Rs 307 on the BSE in intra-day trade, surpassing its previous high of Rs 305 recorded on May 29, 2018. Asian Paints hit a new high of Rs 1,348, up 1.7%, extending its past two days 2% gain on the BSE.

Asian Paints earlier today said that the board of directors of the company will meet on Tuesday,