Asian Paints rose 1.56% to Rs 921.60 at 10:29 IST on BSE, with the stock extending yesterday's gain triggered by declaring good Q4 results at the fag end of the session yesterday, 11 May 2016.
Shares of Asian Paints rose 0.97% to settle at Rs 907.40 yesterday, 11 May 2016.Meanwhile, the S&P BSE Sensex was up 142.94 points or 0.56% at 25,728.98
On BSE, so far 3.64 lakh shares were traded in the counter as against average daily volume of 78,510 shares in the past one quarter. The stock hit a high of Rs 928 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 915 so far during the day. The stock had hit a 52-week low of Rs 693 on 16 June 2015. The stock had outperformed the market over the past one month till 11 May 2016, rising 5.54% compared with 2.30% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, rising 6.09% as against Sensex's 11.52% rise.
The large-cap company has equity capital of Rs 95.92 crore. Face value per share is Re 1.
Asian Paints' consolidated net profit rose 19.9% to Rs 408.80 crore on 12.3% rise in total income from operations to Rs 3971.30 crore in Q4 March 2016 over Q4 March 2015.
Asian Paints' consolidated net profit rose 23.7% to Rs 1726.20 crore on 9.5% growth in total income from operations to Rs 15534.10 crore in the year ended 31 March 2016 over the year ended March 2015.
Asian Paints is India's leading paint company and ranked among the top ten decorative coatings companies in the world. The company along with its subsidiaries have operations in 19 countries across the world and 26 paint manufacturing facilities, servicing consumers in over 65 countries.
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