Asian Paints surges 7.4% in 4 days

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Capital Market
Last Updated : Jul 01 2013 | 4:30 PM IST

Meanwhile, the S&P BSE Sensex was up 167.66 points or 0.86% at 19,563.47.

On BSE, 7,709 shares were traded in the counter as against average daily volume of shares in the past one quarter.

The stock hit a high of Rs 4,720 and a low of Rs 4,550 so far during the day. The stock had hit a record high of Rs 5,047 on 21 March 2013. The stock had hit a 52-week low of Rs 3,447.90 on 26 July 2012.

The stock had underperformed the market over the past one month till 28 June 2013, sliding 3.98% compared with the Sensex's 3.79% fall. The scrip had also underperformed the market in past one quarter, declining 5.79% as against Sensex's 2.97% rise.

The large-cap company has equity capital of Rs 95.92 crore. Face value per share is Rs 10.

Shares of Asian Paints have surged 7.43% in four trading sessions from a recent low of Rs 4,363.50 on 25 June 2013, after the company during trading hours on 26 June 2013, said its board of directors at a meeting held on 25 June 2013, fixed 31 July 2013 as the record date for 10-for-1 stock split.

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Asian Paints' consolidated net profit declined 3.2% to Rs 251.11 crore on 6.9% growth in net sales to Rs 2713.67 crore in Q4 March 2013 over Q4 March 2012.

Asian Paints is India's largest paint company.

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First Published: Jul 01 2013 | 3:22 PM IST

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