The Asian Paints share has risen to a record high on a Credit Suisse upgrade.
The scrip has gained as much as 2.5 per cent. Credit Suisse has upgraded the stock to "outperform" from "neutral".
The target price has been raised to Rs 1,020 rupees from Rs 710.
The upgrade incorporates new estimates of crude prices at $58 for 2015 and $75 for 2016.
It says the company's margins are set to rise over 70 per cent as input costs trend down.
The stock is up 20 per cent YTD as against a 7.6 per cent rise in the NSE index.