InvestorQ : What explains this amazing rally in two paint stocks viz. Asian Paints and Berger Paints?
vidhya Laxmi made post

What explains this amazing rally in two paint stocks viz. Asian Paints and Berger Paints?

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sarah Leo answered.
3 weeks ago
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Asian Paints and Berger Paints managed to hit life-time highs on hopes of strong volume growth in the quarter due to a quantum shift in volumes from the unorganized sector to the organized sector. That trend has got accentuated in last few months, in fact ever since GST was introduced. Both stocks surged 15% in last 1 month compared to 6% for BSE Sensex.

The good thing is that the Indian paints industry has passed on most of the input cost spike to end customers due to the pricing power they command.

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