Asian Paints mcap rises by Rs 7,185 crore

Source: The Hitavada      Date: 12 May 2018 10:08:55




SHARES of Asian Paints on Friday surged over 6 per cent as the company reported 3.39 per cent increase in consolidated net profit for the quarter ended March 2018. The stock rose sharply by 6.17 per cent to close at Rs 1,289.60 on BSE. During the day, it zoomed 6.56 per cent to Rs 1,294.40 -- its 52-week high. On the NSE, shares of the company jumped 5.53 per cent to end at Rs 1,285.05.

The stock was the top performer among the blue chips on both Sensex and Nifty. Following the sharp rise in the stock, the market capitalisation (m-cap) of the company climbed Rs 7,185.15 crore to Rs 1,23,698.15 crore.