Shares of Asian Paints surged greater than 3 per cent on Tuesday forward of the fourth quarter (Q4) outcomes for the monetary 12 months 2021-22 (FY22) later within the day. The inventory touched a day excessive of Rs 3,109 on the BSE index, climbing 3.30 per cent in early commerce.
As of 12:29 pm, Asian Paints was up 2.12 per cent to Rs 3,073.50 on the BSE platform.
On NSE, the inventory was buying and selling 2.27 per cent greater at Rs 3,073.50.
Analysts anticipated that the corporate, the biggest paints producer within the nation, would submit a revenue within the March quarter, pushed by positive factors in market share and value hikes over the previous few months.
Asian Paints – the multinational paints firm — and its subsidiaries have operations in 15 nations internationally, with 26 paint manufacturing amenities, offering companies to shoppers in additional than 60 nations.