Wednesday 4 December 2013

Asian Paints gains on hiking industrial paints’ prices by 10%

Asian Paints is currently trading at Rs. 505.35, up by 1.10 points or 0.22% from its previous closing of Rs. 504.25 on the BSE.

The scrip opened at Rs. 507.45 and has touched a high and low of Rs. 507.90 and Rs. 505.15 respectively. So far 4,613 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 560.00 on 08-Nov-2013 and a 52 week low of Rs. 376.35 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 514.70 and Rs. 500.10 respectively. The current market cap of the company is Rs. 48,458.00 crore.

The promoters holding in the company stood at 52.79% while Institutions and Non-Institutions held 27.35% and 19.86% respectively.

Asian Paints has hiked industrial paints’ prices by 10%. The paint maker has hiked prices to offset inflationary pressure on industrial products. Earlier in August, the company had increased prices in its decorative paint segment by 1.2%. Prior to that, the company increased prices in May and July by 4.15% and 2.6%, respectively.

Asian Paints is India’s largest paint company and Asia’s third largest paint company. The company along with its subsidiaries has operations in 20 countries across the world and 28 paint manufacturing

No comments:

Post a Comment