Asian Paints rose 1.48% to Rs 810 at 9:23 IST on BSE after the company said that operations at its paint plant situated at Sriperumbudur in Tamil Nadu, has returned to normalcy.
The announcement was made after trading hours on Friday, 10 July 2015.
Meanwhile, the BSE Sensex was up 59.56 points, or 0.22%, to 27,720.96.
On BSE, so far 6,145 shares were traded in the counter, compared with an average volume of 1.41 lakh shares in the past one quarter.
The stock hit a high of Rs 812.50 and a low of Rs 803.80 so far during the day. The stock hit a record high of Rs 922.80 on 29 January 2015. The stock hit a 52-week low of Rs 565.50 on 11 July 2014.
The stock had outperformed the market over the past one month till 10 July 2015, rising 7.48% compared with 3.06% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, sliding 7.41% as against Sensex's 4.22% fall.
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The large-cap company has an equity capital of Rs 95.92 crore. Face value per share is Re 1.
Earlier on 29 April 2015, Asian Paints had informed about the operations at the plant getting affected due to the cessation of work by the operators belonging to Asian Paints Employees' Union with effect from 28 April 2015.
Asian Paints' consolidated net profit rose 18.6% to Rs 341 crore on 6.9% growth in income from operations to Rs 3535 crore in Q4 March 2015 over Q4 March 2014.
Asian Paints is India's leading paint company and ranked among the top ten decorative coatings companies in the world.
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