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.

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