Stock Market update: Asian Paints share hit a 52-week high record | Business Upturn

Stock Market update: Asian Paints share hit a 52-week high record

Asian Paints is India’s largest paint corporation.

The share price of Mumbai headquartered multinational paint company, Asian Paints hit a 52-week high at a price of Rs 3531.55 per equity share with a rise of 67.25 points and a 1.92% increase. Whereas last month in December (1 December), the share price of Asian Paints was Rs 3110.45 and since then, the company has witnessed a surge in its share price.

However, the company’s 52-week low hit at Rs 2260 per equity share in the month of March 2021. Asian Paints is India’s largest paint corporation. The company generated a revenue of ₹17,194.1 crores in the financial year 2019-20 and a profit of ₹2,654 crores.

As of September 2021, Asian Paint’s Net income is estimated to be INR 7,234.21 Crores with income growth of 27.48%. Asian Paints was founded in the year 1942 and is Asia’s third-largest paint corporation. The company deals with the manufacturing, selling and distribution of building materials such as paints, coatings, home decor products, bathroom fittings and other related services.