Monday , October 18 2021

Asian Paints surges on partnering with Mahindra logistics

Asian Paints is currently trading at Rs. 1551.50, up by 3.40 points or 0.22% from its previous closing of Rs. 1548.10 on the BSE.

The scrip opened at Rs. 1550.00 and has touched a high and low of Rs. 1563.30 and Rs. 1545.15 respectively. So far 50463 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 1621.95 on 30-Aug-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. 1563.30 and Rs. 1501.25 respectively. The current market cap of the company is Rs. 149347.10 crore.

The promoters holding in the company stood at 52.79%, while Institutions and Non-Institutions held 25.70% and 21.51% respectively.

Asian Paints has partnered with Mahindra logistics (MLL) to strengthen its supply-chain in Eastern India. MLL will be handling the Regional Distribution Centre (RDC) measuring 1 lakh square feet at Dankuni, Hoogly in the state of West Bengal and the first leg of distribution from this RDC. MLL’s services will be backed up by technologies for transport management and warehouse management.

Asian Paints is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing of related services. The Company’s business segments are Paints and Home Improvement.

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