New Delhi, March 23 -- Shares of Asian Paints, the country's leading paint and decor company, have extended their decline for the third straight session on Monday, March 23, falling another 3.40% to the day's low of Rs.2,120 apiece.

The stock was last seen around these levels in October 2020, underscoring sustained pressure as investor concerns mount that elevated oil prices could impact the company's margins and demand in the near term.

With today's drop, the shares have lost 10.22% so far in March and a sharp 23% in less than three months, which has also brought the company's market capitalisation down to around Rs.2 lakh crore. To be precise, the stock has remained under pressure since December, losing a cumulative 26.2% to date, bas...