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Tuesday, October 25, 2016

Asian Paints Q2 Net may Rise 23 Per Cent


Asian PaintsAsian Paints is likely to report net profit at Rs.490 cr in July-September quarter (Q2) up 23 per cent from Rs.399 cr in corresponding quarter of the previous fiscal. During the period, total income may rise 9.5 per cent at Rs 4140 cr as compared to Rs 3779 cr on annual basis.
 In Q2, EBITDA is likely to increase 23 per cent at Rs 763 cr as compared to Rs 621 cr while margins may rise by 200 basis points (bps) at 18.4 per cent as compared to 16.4 per cent. Volume growth, in Q2, is seen between 12-14 per cent. Post Q1, the management was intending at double-digit volume growth going forward.
Realizations may be around 2-3 per cent lower because of passage of lower commodity costs. One should watch for announcement on any acquisitions in the home improvement space.
This morning, Asian Paints share price tanked 0.39 per cent. Currently, the share is trading at Rs.1123.15. The stock opened at Rs. 1131.95 as compared to its previous closing at Rs.1127.50.  Till now, the day’s high and low of the stock is seen at Rs. 1136.40 and Rs. 1,120.10 respectively. So far in the trading session of 25th Oct, around 7,34,150 shares are traded in the counter with a traded value of Rs. 8,283.19 lacs, as per the NSE.
Asian Paints is analyzed by Dynamic Levels Researchers and analysts as the top 500 performing stocks for the current quarter among the 1700 stocks which are listed on the National Stock Exchange (NSE).  Asian Paints is fundamentally strong and is safe for investment, as per Dynamic analysts and market experts.
In order to gain information about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Asian Paints share price history.

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