Asian Paints advances as operations at Sriperumbudur plant return to normalcy

13 Jul 2015

Asian Paints is currently trading at Rs. 808.10, up by 13.15 points or 1.65% from its previous closing of Rs. 794.95 on the BSE.

The scrip opened at Rs. 807.90 and has touched a high and low of Rs. 812.50 and Rs. 803.80 respectively. So far 20,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 922.80 on 29-Jan-2015 and a 52 week low of Rs. 565.50 on 11-Jul-2014.

Last one week high and low of the scrip stood at Rs. 835.00 and Rs. 761.00 respectively. The current market cap of the company is Rs. 77,460.00 crore.

The promoters holding in the company stood at 52.79% while Institutions and Non-Institutions held 26.90% and 20.30% respectively.

Asian Paints’ operations at the plant situated at Sriperumbudur in the state of Tamil Nadu has returned to normalcy. The operation was affected with effective from April 28, 2015 due to the cessation of work by the operators belonging to Asian Paints Employees’ Union. The markets will be continued to be serviced from other manufacturing facilities.

Asian Paints is India’s largest paint company and Asia’s third largest paint company. The company along with its subsidiaries has operations in 20 countries across the world and 28 paint manufacturing facilities, servicing consumers in 65 countries through Berger International, SCIB Paints-Egypt, Asian Paints, Apco Coatings and Taubmans.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323