Asian Paints rose 4.11% to Rs 408 at 11:54 IST on BSE, with the stock recovering on bargain hunting after 2-day 8.93% slide.
Meanwhile, the S&P BSE Sensex was up 262.71 points or 1.46% at 18,258.86.
On BSE, 62,000 shares were traded in the counter as against average daily volume of 62,468 shares in the past one quarter.
The stock hit a high of Rs 409.50 and a low of Rs 390 so far during the day. The stock had hit a record high of Rs 524.70 on 30 July 2013. The stock had hit a 52-week low of Rs 361.61 on 5 September 2012.
The stock had underperformed the market over the past one month till 28 August 2013, sliding 22.84% compared with the Sensex's 8.87% fall. The scrip had also underperformed the market in past one quarter, declining 18.72% as against Sensex's 10.74% fall.
The large-cap company has equity capital of Rs 95.92 crore. Face value per share is Re 1.
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Shares of Asian Paints had fallen 8.93% in two trading sessions to settle at Rs 391.90 on Wednesday, 28 August 2013, from a recent high of Rs 430.35 on 26 August 2013.
Asian Paints' consolidated net profit fell 4.6% to Rs 275.20 crore on 11.1% growth in net sales to Rs 2818.26 crore in Q1 June 2013 over Q1 June 2012.
Asian Paints is India's largest paint company. The company along with its subsidiaries has operations in 17 countries across the world with 25 paint manufacturing facilities, servicing consumers in 65 countries through Berger International, SCIB Paints - Egypt, Asian Paints, Apco Coatings and Taubmans.
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