Asian Paints, Berger & other paint stocks fall up to 5% on oil’s 29% spike amid Mideast tensions. More pain ahead?

Shares of Asian Paints, Berger Paints and Indigo Paints fell sharply on Monday after crude oil prices surged nearly 29% amid escalating Middle East tensions. Rising oil costs threaten to increase raw material expenses for paint makers, sparking concerns about margin pressure and further downside risk for the sector.