New Delhi, March 24 -- Shares of Asian Paints, India's largest paint manufacturer, rose over 4% in intraday deals on Tuesday, March 24, emerging as one of the top performers in the Sensex pack of stocks, boosted by the signs of de-escalation in the Middle East conflict that somewhat pulled crude oil off highs and a price hike move.

Asian Paints' share price rose 4.38% to Rs.2213.40 on the BSE today. In the last trading session, the stock had tumbled to a low of Rs.2,116, its 52-week low, amid sustained pressure as investor concerns mount that elevated oil prices could impact the company's margins and demand in the near term.

According to multiple media news reports, citing dealers, Asian Paints will hike prices across its portfolio in t...