Asian Paints slips over 15% in three sessions

Asian Paints fell 3.56% to Rs 422.05 at 15:12 IST on BSE, extending decline for the third straight session.

Meanwhile, the S&P BSE Sensex was down 61.09 points, or 0.33%, to 18,671.95.

On BSE, 2.62 lakh shares were traded in the counter as against an average daily volume of 22,382 shares in the past one quarter.

The stock hit a high of Rs 439.95 and a low of Rs 411.60 so far during the day. The stock had hit a record high of Rs 524.70 on 30 July 2013. The stock had hit a 52-week low of Rs 361.61 on 5 September 2012.

The stock has fallen 15.19% in three trading sessions from a recent high of Rs 497.65 on 2 August 2013.

The stock had underperformed the market over the past one month till 6 August 2013, sliding 6.06% compared with the Sensex's 3.91% fall. The scrip had also underperformed the market in past one quarter, falling 9.87% as against Sensex's 4.78% fall.

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

Asian Paints' consolidated net profit fell 4.57% to Rs 275.20 crore on 11.6% growth in income from operations to Rs 2841.10 crore in Q1 June 2013 over Q1 June 2012. Profit before depreciation, interest and taxes (PBDIT) rose 4% to Rs 464.70 crore in Q1 June 2013 over Q1 June 2012.

Asian Paints is India's largest paint company and ranked among the top ten decorative coatings companies in the world with a consolidated turnover of Rs 1097 crore. Asian Paints along with its subsidiaries have operations in 17 countries across the world with 25 paint manufacturing facilities, servicing consumers in 65 countries through Berger International, SCIB Paints - Egypt, Asian Paints, Apco Coatings and Taubmans.

Powered by Capital Market - Live News