Stock market movers: Top 10 winners and losers on BSE, NSE on May 25
The benchmark BSE Sensex settled 14.37 points or 0.03 percent lower at 50,637.53, while the broader NSE Nifty advanced 10.75 points or 0.07 percent to 15,208.45.
Asian Paints was the top gainer in the Sensex pack, advancing over 3 percent, followed by Titan, Bajaj Finserv, ONGC, Infosys and TCS.
On the other hand, HDFC Bank, Axis Bank, Reliance Industries, IndusInd Bank, HDFC and ITC were among the laggards.
Sensex Gainers
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Asian Paint: It was the top of the Sensex pack. It rose to intra day high of Rs 2,922.55 to close at Rs 2914.30, up 95.35 points or 3.38 percent.
Why Asian Paints share rose 10% in early trade
Asian Paints share climbed up to 9.97% to Rs 2,811 against previous close of Rs 2,556 on BSE.
BusinessToday.In | May 14, 2021 | Updated 10:13 IST
Asian Paints net profit rose to Rs 869.89 crore for the fourth quarter ended March 31, 2021, helped by volume growth in the domestic as well as in the international market.
Asian Paints share rose nearly 10% in early trade after the firm reported a 81.13 per cent rise in its consolidated net profit in Q4. Asian Paints share climbed up to 9.97% to Rs 2,811 against previous close of Rs 2,556 on BSE.
The share opened at Rs 2,620 on BSE. The stock has gained 83.55% in one year and risen 1.02% since the beginning of this year.
Market Movers: What’s fueling Asian Paints; HUL’s race to catch Infosys; ITC’s good day
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Market Movers: What’s fueling Asian Paints; HUL’s race to catch Infosys; ITC’s good dayBy
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Asian Paints managed to have its best day in nearly a year by rising 8.5 per cent following some bubbly commentary by the company’s management.
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MUMBAI: Asian Paints’ stock redefined rebel today. On a day when the benchmark indices struggled to pick themselves from their post-holiday snooze,
Asian Paints was having none of it.
The stock managed to have its best day in nearly a year by rising 8.5 per cent following some bubbly commentary by the company’s management. The management said that it was confident that demand will be back soon once the disruption from the second Covid wave subsides.
BL Research Bureau
Asian Paints, the largest paint maker in the country delivered a good performance in its recent March quarter earnings, driven by strong sales across segments. With economy fully opened (until March this year post which localised lockdowns were implemented), the pick-up in real estate and industrial demand gave a boost to the company. In Q4 FY21, it reported a revenue growth of 43 per cent to ₹6,651 crore when compared to same period last year. Despite the increase in input costs, Asian Paints reported solid earnings growth. Its profit grew 81 per cent to ₹869 crore, partially due to benefit of base effect (Q4 FY20 impacted by lockdown). However, on a sequential basis, while the revenue declined marginally by 2 per cent between March and December quarter of FY21, net profit declined by 31 per cent due to impact of higher raw material costs. Asian Paints stock at ₹ 2,560 (at market close on May 12) trades at 78 times its trailing twelve-month earnings.
Asian Paints Net Profit Jumps 84% To Rs 870 Crore In March Quarter Asian Paints Q4 Results: Asian Paints registered a net profit of Rs 870 crore in the January-March quarter of the financial year 2020-21
Updated: May 13, 2021 8:32 pm IST
Shares of Asian Paints last settled 0.02 per cent lower at Rs 2,556.10 apiece on the BSE.
Leading paint maker Asian Paints registered a net profit of Rs 870 crore in the January-March quarter of the financial year 2020-21, compared to Rs 480 crore in the corresponding quarter of the previous fiscal, marking a growth of 84 per cent year-on-year. The company s revenue from operations on a consolidated basis stood at Rs 6,651.43 crore, compared to Rs 4,635.59 crore in the year-ago period. The revenue rose more than 43 per cent in the quarter-ending March 21 of the fiscal year 202-21.