Asian Paints share price in focus as LIC raises stake in the paint maker to 7%: Know More Here

Asian Paints share price in focus as LIC raises stake in the paint maker to 7%: Know More Here

ByKaushiki

After the state-run insurance behemoth Life Insurance Corporation of India (LIC) increased its ownership holding in Asian Paints, the company’s share price increased by more than one per cent on Wednesday. On the BSE, Asian Paints’ stock increased by up to 1.59% to ₹2,427.80 a share. Through open market purchases, LIC reported raising its stake…

Asian Paints shares slide 9.5% as Q2 results disappoint, analysts cut TP

Asian Paints shares slide 9.5% as Q2 results disappoint, analysts cut TP

ByKaushiki

During intraday trading on Monday, November 11, shares of Asian Paints, the nation’s top paint and décor company, dropped 9.5% to ₹2,506 a share, the lowest level since April 2021. The company’s poor September quarter (Q2) earnings, which fell short of analysts’ forecasts in every way, were the cause of this decline. Soft demand circumstances,…