Latest Updates on Asian Paints
Share price of Asian Paints on 22-02-2017 closed with a gain of 2.90% (+Rs.28.80) at Rs. 1020.30. It was one of the most active share at NSE. Stock in morning opened Rs. 995.10, high Rs.1025.75, low Rs. 993.90, total traded volumes were 2809160.
Asian Paints share
price on 15-02-2017, closed almost flat, stock opened Rs.981.20, high
Rs.986.95, low Rs. 976 and closed Rs.981.70.
Technically stock formed doji candle pattern and we can see intraday bulls action in tomorrows trading if Asian Paints holds above its resistance zone @ Rs.988.
After declaring results, some of the brokerage houses and analyst are feeling bullish in Asian Paints as reports published on 24th January 2017, they said growth of Asian paints are not disappointing if we compare with other consumer companies like Hindustan Unilever and Bajaj corp. Analyst expecting that demand will increase in coming months considering better monsoon, changing macros in this category.
has announced it quarter numbers October - December 2016 on 23rd
January 2017, and
said that profit rose 1.5% to Rs. 489.31 cr. The company posted Rs. 482.02 in October - December 2015 quarter. Asian
Paints total income from from
operations was Rs. 4353.99 in year 2016, while in same quarter or 2015 the income was Rs. 4245.16.
As company declared its results late evening so could not see some action in it. When market opens on 24th January 2017 then we may see some actions in its stock. On 23rd January 2017 share price of Asian paints was closed at Rs. 964.70 at NSE.
Some brokerage house and technical analyst are positive on Asian Paints, some said company base is positive and one can invest for long term, as stock looks attractive and if number comes positive then stock may test 1110 level. (News on 22nd January 2017).
Asian Paints is the manufacturer and seller of paints and coatings is now expecting its Q3 FY17 on 23rd January 2017.
Market experts are expecting better results for December quarter 2016, due to
favorable monsoon and new pay panel guidelines. The
Asian Paints stock will be on traders raider from 20th January to 23rd January 2017.
The promoters holding in the company stood at 52.79%. (News - 20th January 2017)