Asian Paints extends gains after setting record date for stock split

Meanwhile, the S&P BSE Sensex was up 157.20 points or 0.85% at 18,709.32.

On BSE, 4,980 shares were traded in the counter as against average daily volume of 12,634 shares in the past one quarter.

The stock hit a high of Rs 4,690 and a low of Rs 4,535 so far during the day. The stock had hit a record high of Rs 5,047 on 21 March 2013. The stock had hit a 52-week low of Rs 3,447.90 on 26 July 2012.

The stock had underperformed the market over the past one month till 26 June 2013, sliding 6.52% as compared to the Sensex's 5.85% fall. The stock had also underperformed the market in the past one quarter, declining 8.26% as compared to the Sensex's 0.81% fall.

The large-cap company has equity capital of Rs 95.92 crore. Face value per share is Rs 10.

Shares of Asian Paints have risen 4.59% in two trading sessions from a recent low of Rs 4,363.50 on 25 June 2013, after the company during trading hours on Wednesday, 26 June 2013, said its board of directors at a meeting held on 25 June 2013, fixed 31 July 2013 as the record date for 10-for-1 stock split. The stock had risen 2.93% to settle at Rs 4,491.50 on Wednesday, 26 June 2013.

Asian Paints' consolidated net profit declined 3.2% to Rs 251.11 crore on 6.9% growth in net sales to Rs 2713.67 crore in Q4 March 2013 over Q4 March 2012.

Asian Paints is India's largest paint company.

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