Paint Stocks Rise Up to 5% as Crude Oil Prices Fall – Asian Paints, Nerolac Lead
Paint Stocks surged up to 5 percent in Friday’s session, as crude oil slid to multi-year lows. Asian Paints and Kansai Nerolac led the rally, while Berger Paints and Akzo Nobel India also posted solid gains. Investors are betting that lower oil prices will cut resin and solvent costs and that margins will expand in…