Asian Paints surges as crude oil prices fall

13 Jan 2015

Asian Paints is currently trading at Rs. 826.85, up by 19.50 points or 2.42 % from its previous closing of Rs. 807.35 on the BSE.

The scrip opened at Rs. 810.00 and has touched a high and low of Rs. 841.65 and Rs. 810.00 respectively. So far 372037 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 829.65 on 09-Jan-2015 and a 52 week low of Rs. 461.00 on 20-Feb-2014.

Last one week high and low of the scrip stood at Rs. 829.65 and Rs. 751.05 respectively. The current market cap of the company is Rs. 79220.15 crore.

The promoters holding in the company stood at 52.79 % while Institutions and Non-Institutions held 27.11 % and 20.09 % respectively.

Shares of Asian Paints have surged as oil fell 5% to its lowest in nearly six years. The fall in crude oil prices will be beneficial as paint companies use crude oil derivatives as inputs. Raw materials account for over 50% of a paint company’s total expenses.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323