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While Asian Paints shares have remained one of the most consistent wealth creators for shareholders, global firm CLSA has downgraded the paint-maker to 'sell' from 'outperform.'
Asian Paints Limited's third-quarter net profit rose by 14.6 percent to Rs 636 crore when compared to a year ago period driven by strong revenue and operational income. In December 2017, it had reported a net profit of Rs 555 crore.
India's Asian Paints Ltd posted a 14.6 percent rise in third-quarter net profit on Tuesday, beating estimate, buoyed by strong performances in its paints manufacturing vertical. Net profit came in at 6.36 ...
Other paint stocks too gained in early trade. While Berger Paints gained 5.30% to 325 level, Shalimar Paints rose 2.56% to 88.20. Kansai Nerolac Paints too rallied 4.85% to 421.25 level on the BSE. Crude oil is a key raw material in the production of paints.
Asian Paints Ltd posted on Monday a 14.4 percent fall in second-quarter profit, which missed analysts' estimates, hurt by higher expenses. Net profit fell to 4.93 billion rupees in the September-quarter ...