New Delhi, Sept. 17 -- Even as the competition in the paints sector heats up, with the entry of Grasim-led Birla Opus, the listed stocks from this universe are seeing signs of green shoots. In the run-up to the festive season, market leader Asian Paints has seen a 12% upside in six months, while Indigo Paints has emerged as the top gainer with a 16% rise.

Berger Paints and Kansai Nerolac have risen 7% and 11%, respectively.

Going ahead, analysts expect the festive season, a strong demand tailwind for paint stocks, to further spur demand and drive gains. However, some slowdown in the North Indian region cannot be ruled out.

Prabhudas Lilladher (PL) Capital's channel checks suggested that decorative paints demand in Q2FY26 has been adver...