Asian Paints gains on stock-split plan

Asian Paints made the announcement after market hours on Thursday, 25 April 2013.

Meanwhile, the BSE Sensex was down 70.94 points, or 0.37%, to 19,335.91.

On BSE, 6,173 shares were traded in the counter as against an average daily volume of 12,851 shares in the past one quarter.

The stock hit a high of Rs 4,783.55 and a low of Rs 4,699.45 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 3,411.10 on 25 April 2012.

The stock had underperformed the market over the past one month till 25 April 2013, falling 4.58% compared with the Sensex's 3.88% rise. The scrip, however, outperformed the market in past one quarter, gaining 5.6% as against Sensex's 3.47% fall.

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

Asian Paints unveils Q4 March 2013 and year ended 31 March 2013 (FY 2013) results on 9 May 2013. The company's consolidated net profit rose 30.5% to Rs 335.23 crore on 19.4% growth in total income to Rs 3083.83 crore in Q3 December 2012 over Q3 December 2011.

Asian Paints is India's largest paint company and Asia's third largest paint company. It operates in 17 countries and has 24 paint manufacturing facilities in the world servicing consumers in over 65 countries. Besides Asian Paints, the group operates around the world through its subsidiaries Berger International, Apco Coatings, SCIB Paints and Taubmans.

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