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Shares of paint companies, Asian Paints and Berger Paints, hit their respective week high in intra-day trade on the Bombay Stock Exchange BSE on Tuesday after the paint companies reported higher-than-expected earnings for June quarter coupled with fall in crude oil prices. Global oil benchmark Brent futures tumbled over 2 per cent on Monday amid renewed global economic growth concerns after US President Donald Trump threatened to escalate the trade war with China with more tariffs, which restricted crude demand. Crude oil constitutes nearly half of the raw materials used in the manufacturing of the paint companies, and hence decline in oil prices may boost their margins.
Try Now. Here is the latest stock price and chart of Asian Paints. For more details, see the Asian Paints company fact sheet and quarterly results.
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Asian Paints is India's largest and Asia's third largest paints corporation. By it became the leading paints manufacturer in the country. The four families together held the majority shares of the company.
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