Asian Paints surges 6% in 3 days after setting record date for stock split

Meanwhile, the S&P BSE Sensex was up 282.95 points or 1.5% at 19,158.90.

On BSE, 2,527 shares were traded in the counter as against average daily volume of 12,647 shares in the past one quarter.

The stock hit a high of Rs 4,645.70 and a low of Rs 4,580 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 27 June 2013, sliding 5.92% as compared to the Sensex's 5.77% fall. The stock had also underperformed the market in the past one quarter, declining 7.23% as compared to the Sensex's 0.92% rise.

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 6.01% in three trading sessions from a recent low of Rs 4,363.50 on 25 June 2013, after the company during trading hours on 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.

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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