Asian Paints falls despite reporting 53% rise in Q2 consolidated net profit

26 Oct 2023 Evaluate

Asian Paints is currently trading at Rs. 2987.50, down by 73.60 points or 2.40% from its previous closing of Rs. 3061.10 on the BSE.

The scrip opened at Rs. 3059.95 and has touched a high and low of Rs. 3060.00 and Rs. 2957.70 respectively. So far 78217 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3566.90 on 24-Jul-2023 and a 52 week low of Rs. 2686.15 on 27-Jan-2023.

Last one week high and low of the scrip stood at Rs. 3116.10 and Rs. 2957.70 respectively. The current market cap of the company is Rs. 284790.62 crore.

The promoters holding in the company stood at 52.63%, while Institutions and Non-Institutions held 27.70% and 19.67% respectively.

Asian Paints has reported 52.01% rise in its net profit at Rs 1160.25 crore for second quarter ended September 30, 2023 (Q2FY24) as compared to Rs 763.29 crore for the same quarter in the previous year. Total income of the company increased by 0.71% at Rs 7514.52 crore for Q2FY24 as compared Rs 7461.45 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 53.31% rise in its net profit at Rs 1232.39 crore for the quarter under review as compared to Rs 803.83 crore for the same quarter in the previous year. Total income of the company increased by 1.06% at Rs 8643.77 crore for Q2FY24 as compared Rs 8553.04 crore for the corresponding quarter previous year.

Asian Paints Share Price

2283.05 -9.85 (-0.43%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Asian Paints 2283.05
Berger Paints India 444.80
Kansai Nerolac Paint 262.35
Akzo Nobel India 3590.65
Indigo Paints 1408.80
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