 "Asian Paints: Volumes driven by strong distribution; low-end products")
Shares of Asian Paints, the leading paint manufacturer, surged over 7 per cent on the BSE on Wednesday, a day after the company reported its March quarter results for the financial year 2020-21 (FY21). The stock was the top gainer on the S&P BSE Sensex.
At 11:15 am, the stock was ruling 7 per cent higher at Rs 1,802. The stock had hit a 52-week high of Rs 1,915.90 on March 9, 2020 while its 52-week low stands at Rs 1,291.45, touched on July 7, 2019.
For the quarter under review, the paint company posted a profit before tax (PBT) of Rs
