Asian Paints slips over 1.5% ahead of Q2 result; here's what to expect

Shares of Asian Paints slipped as much as 1.53 per cent to Rs 2,082 apiece in the morning trade on the BSE ahead of its September quarter result due later in the day. 

At 10:31 AM, the stock was trading nearly a per cent lower at Rs 2,095 against Tuesday's close of Rs 2,114.35. In comparison, the S&P BSE Sensex was trading 190 points, or 0.47 per cent lower at 40,517 levels. 

For the quarter under review, analysts at IDBI Capital expect a strong recovery in the decorative coatings business compared to 1QFY21 led by less stringent lock-down provisions by