Asian Paints drops after announcing Q3 results

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Capital Market
Last Updated : Jan 23 2018 | 9:31 AM IST

Asian Paints was down 1.15% to Rs 1,163.15 at 9:18 IST on BSE after the company reported Q3 December 2017 results after market hours yesterday, 22 January 2018.

Meanwhile, the S&P BSE Sensex was up 143.86 points or 0.4% at 35,941.87.

On the BSE, 3,692 shares were traded on the counter so far as against average daily volumes of 55,786 shares in the past one quarter. The stock had hit a high of Rs 1,178 and a low of Rs 1,160 so far during the day. The stock had hit a record high of Rs 1,261.25 on 14 September 2017 and a 52-week low of Rs 945 on 20 January 2017.

The large-cap company has equity capital of Rs 95.92 crore. Face value per share is Rs 1.

Asian Paints' consolidated net profit rose 15.9% to Rs 567.21 crore on 10.5% growth in net sales to Rs 4260.52 crore in Q3 December 2017 over Q3 December 2016.

Asian Paints is India's leading paint company and ranked among the top ten decorative coatings companies in the world.

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First Published: Jan 23 2018 | 9:13 AM IST

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