Asian Paints up over 6%; mcap rises by Rs 6,249 cr post Q1 nos

Shares of Asian Paints today ended with over 6 per cent gains after the company reported 18.46 per cent increase in consolidated net profit for the first quarter ended June 30, 2016.
The scrip jumped 6.14 per cent to settle at Rs 1,126.95 on BSE. During the day, it soared 8.55 per cent to Rs 1,152.65 -- its 52-week high.
On NSE, shares of the company moved up by 6.23 per cent to close at Rs 1,128.
The stock was the top gainer among the bluechips on both Sensex and Nifty during the day.
The company added Rs 6,249.79 crore to Rs 1,08,096.79 crore in market valuation.

On the volume front, 5.59 lakh shares of the company were traded on BSE and over 58 lakh shares changed hands at NSE during the day.

Asian Paints yesterday reported 18.46 per cent increase in consolidated net profit at Rs 552.56 crore for the first quarter ended June 30, 2016.
The company had reported a net profit of Rs 466.42 crore in the same period of previous fiscal.
Its total income from operations stood at Rs 4,082.08 crore in the quarter under review, up 10.23 per cent as against Rs 3,703.04 crore in the corresponding quarter last fiscal.