Asian Paints Ltd.

Asian Paints is currently trading at Rs 587.50, up by 2.55 points or 0.44% from its previous closing of Rs 584.95 on the BSE.

The scrip opened at Rs 585.00 and has touched a high and low of Rs 593.15 and Rs 584.00 respectively. So far 39220 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 589.00 on 26-Jun-2014 and a 52 week low of Rs. 376.35 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs 589.00 and Rs 556.70 respectively. The current market cap of the company is Rs 56304.91 crore.

The promoters holding in the company stood at 52.79% while Institutions and Non-Institutions held 27.33% and 19.88% respectively.

Domestic paint major Asian Paints is assessing opportunities to expand its footprint in international markets. Meanwhile, expansion of the manufacturing capacity in Bangladesh from 12,000 kilo litre to 24,000 KL per annum is nearing completion and commissioning is expected by the first quarter of 2014-15. The company’s subsidiary at Sri Lanka has acquired land at Matugama Industrial estate for a new manufacturing facility.

Moreover, the company’s wholly-owned subsidiary in Mauritius, Asian Paints (International), had in April signed an agreement with shareholders of Kadisco Chemical Industry PLC., Ethiopia, to acquire either directly or through its subsidiaries 51 per cent of its share capital. The company is awaiting regulatory approvals for closure of this acquisition.

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.