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Asian Paints shares slip 2% ahead of Q1FY21 result; here's what to expect

June performed better than May as things began to normalise; however production levels are back to only 60-70 per cent, analysts note.

Asian Paints: Volumes driven by strong distribution; low-end products
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KR Choksey Securities expects sales to decline 58.7 per cent YoY and 54.5 per cent QoQ to Rs 2,109 crore.

SI Reporter New Delhi
Shares of Asian Paints fell as much as 2 per cent on the BSE on Friday ahead of its June quarter results for the fiscal year 2020-21 (Q1FY21), due later in the day. 

At 10:06 am, the stock was quoting over 1 per cent lower at Rs 1,707.65 on the BSE. It hit a high and low of Rs 1,727 and Rs 1,691.50, respectively so far in the trade. In comparison, the S&P BSE Sensex was trading 0.55 per cent lower at 37,929 levels. 

For the April-June 2020 period, Asian Paints, analysts say, is expected to report a weak set of numbers

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