India, Sept. 24 -- Brent crude's sharp rise during the September quarter is emerging as an important factor for Q2 earnings. The global benchmark stood at around $70.14 a barrel on July 2nd, but had climbed to about $110 a barrel a couple of days ago, which is around 57 percent rise. Brent crude's futures has dropped to $98 per barrel falling close to 5 percent today

Although rising costs of crude could increase material costs for paint manufacturers, oil marketing companies will have to worry about a different set of calculations related to fuel pricing and refining margins. The second quarter results, therefore, will be watched carefully by investors in terms of the impact of high crude.

Paint Stocks: Higher Crude Could Put Q2 Margi...