Asian Paints slips despite reporting 67% rise in Q2 consolidated net profit | | Udaipur News | Udaipur Latest News | udaipur local news । Udaipur Updates
Home / BUSINESS / Asian Paints slips despite reporting 67% rise in Q2 consolidated net profit

Asian Paints slips despite reporting 67% rise in Q2 consolidated net profit

Asian Paints is currently trading at Rs. 1777.35, down by 2.45 points or 0.14% from its previous closing of Rs. 1779.80 on the BSE.

The scrip opened at Rs. 1765.00 and has touched a high and low of Rs. 1800.90 and Rs. 1764.90 respectively. So far 40561 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 1824.15 on 15-Oct-2019 and a 52 week low of Rs. 1119.60 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1823.85 and Rs. 1755.65 respectively. The current market cap of the company is Rs. 170156.89 crore.

The promoters holding in the company stood at 52.79%, while Institutions and Non-Institutions held 27.60% and 19.61% respectively.

Asian Paints has reported 64.48% rise in its net profit at Rs 790.52 crore for the quarter ended September 30, 2019 as compared to Rs 480.63 crore for the same quarter in the previous year. Total income of the company increased by 10.15% at Rs 4392.18 crore for Q2FY20 as compared Rs 3987.38 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 66.85% in its net profit at Rs 842.14 crore for the quarter under review as compared to Rs 504.74 crore for the same quarter in the previous year. Total income of the company increased by 10.16% at Rs 5155.82 crore for Q2FY20 as compared Rs 4680.35 crore for the corresponding quarter previous year.

Please share this news