In the past three trading days, the stock corrected 5 per cent, as compared to a marginal 0.13 per cent decline in S&P BSE Sensex.
Asian Paints hit an all-time high of Rs 1,530 on April 3, 2019, and has rallied 26 per cent in the past six months, against 12.5 per cent rise in the benchmark index till Thursday.
Oil hit 5-month highs as supply & geopolitics keeps the momentum up with Libya internal fighting seeing prices rise.
Berger Paints, Shalimar Paints, and Akzo Nobel India were among other paint shares, trading lower in the range of 1-3 per cent on the BSE. In comparison, the S&P BSE Sensex was down 0.25 per cent at 38,605 points at 12:26 pm.