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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 ...