Index Drivers
Asian Paints
Friday's close: Rs 330.40
Previous close: Rs 357.10
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Stocks of India's biggest paints-maker headed lower this week, on the back of fears that this year's monsoons will not be as good as expected. That could hit rural incomes and demand for paints from rural consumers. That cloudy outlook even caused investors to shrug off the company's good first-quarter results. Net profit jumped 36 per cent for the quarter ended June, while operating income rose 16 per cent.
Dr Reddys Laboratories
Friday close: Rs 1011.65
Previous close: Rs 983.60
The stock gained nearly three per cent following the company