Asian Paints gains on strong Q4 performance from Singapore arm
Berger International, Singapore has reported a net profit of Rs 3.50 crore in Q4FY13 against a loss of Rs 2.21 crore in year ago quarter.
Asian Paints has moved higher by 3.5% to Rs 4,858 after the company said Berger International, Singapore has reported a net profit of Rs 3.50 crore for the quarter ended March 2013 against loss of Rs 2.21 crore in year ago quarter.
Berger International is an indirect subsidiary of the company, has no operations in India.
Meanwhile, the board of India’s largest paint company is schedule to meet on Thursday, May 9, to consider the quarterly and audited financial results for the financial year ended March 31, 2013.
The board will also consider and approve sub-division of the equity shares of the face value of Rs 10 each into such denomination as the board may deem appropriate, Asian Paints said in a regulatory filing.
The stock opened at Rs 4,705 and touched high of Rs 4,894 on NSE. A combined 84,906 shares have changed hands on the counter till 1343 hours on NSE and BSE.
Berger International is an indirect subsidiary of the company, has no operations in India.
Meanwhile, the board of India’s largest paint company is schedule to meet on Thursday, May 9, to consider the quarterly and audited financial results for the financial year ended March 31, 2013.
The board will also consider and approve sub-division of the equity shares of the face value of Rs 10 each into such denomination as the board may deem appropriate, Asian Paints said in a regulatory filing.
The stock opened at Rs 4,705 and touched high of Rs 4,894 on NSE. A combined 84,906 shares have changed hands on the counter till 1343 hours on NSE and BSE.