Asian Paints shares slide 13% in three sessions; here’s why
The shares of Asian Paints dropped as much as 9.5% to hit a 52-week low of ₹2,507 on the BSE today after the paint company released its Sept quarter earnings.
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Asian Paints profit surges 53.3% to ₹1,232.39 cr in Sept quarter
The company attributes improved margins owing to operational, formulation and sourcing efficiencies as well as moderating raw material prices to be the reason behind strong profit growth in Q2.
