Asian Paints Ltd.

Asian Paints is currently trading at Rs. 808.40, up by 8.65 points or 1.08% from its previous closing of Rs. 799.75 on the BSE.

The scrip opened at Rs. 807.00 and has touched a high and low of Rs. 812.00 and Rs. 806.00 respectively. So far 50,000 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. 469.10 on 03-Mar-2014.

Last one week high and low of the scrip stood at Rs. 838.00 and Rs. 798.30 respectively. The current market cap of the company is Rs. 77,541.00 crore.

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

Asian Paints is exploring the possibility of setting up integrated paint manufacturing plants in the states of Karnataka and Andhra Pradesh. This step is being taken to meet the demand in the Southern and Eastern parts of the country.

The company is in the advanced stages of negotiations with the respective State Governments. Based on the availability of land, other factors and regulatory approvals, the company will decide the location of the plant. The approximate investment at current prices for setting up a plant with a capacity of 6 lakh Kilo Litre per annum would be Rs 2,300 crore over a period of 5 to 7 years.

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.