Asian Paints has tumbled deeper into red in the early noon deals, after the company reported below than expected Q3 earnings.
According to a release issued by the company to the BSE, Asian Paints today reported around 12 per cent growth consolidated net of Rs. 368.18 crore for the quarter ended 31 December, 2014 as compared to Rs. 329.35 crore for the quarter ended 31 December, 2013.
Total income was also up almost 6 per cent at Rs. 3,684 from Rs. 3,481 crore in the same above mentioned period.
Now, Asian Paints is down over 3.5 per cent at Rs. 878, and has seen trades of around 450,000 shares as compared to its two-week daily average volume of 229,000 shares on the BSE.
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