Though Indian equity markets witnessed one of the steepest declines in March last year due to Covid-19 related demand slowdown, it has recovered well since then . Paint companies, in particular, have been resilient amid market volatility during this period. . Both Asian Paints and Berger have rallied giving 53 and 75 per cent returns respectively from March lows. .
Besides benefit from low crude oil prices last year, release of pent-up demand with economy fully opened up, and festive season gave…
