Asian Paints second most valuable paints company in the world

Asian Paints has emerged as the second-most valuable paints company in the world. The company’s market capitalisation has soared 22 per cent to $43.7 billion at the end of December 31 from $35.6 billion a year ago. It now ranks 450th in the world in terms of m-cap. The company's stock price ended 0.5 per cent higher on Friday at Rs 3,382 on the BSE. 

For the quarter ended September, the company reported a consolidated net profit of Rs 605.2 crore, a 29 per cent decline over the same period in the previous year, on account of higher expenses and input