Read more about Asian Paints expects demand uncertainty in home improvement categories on Business Standard. Asian Paints expects an uncertainty in demand in the home improvement categories on account of disruptions in operations after the second wave of the coronavirus pandemic
The country s leading paint maker is also concerned about the inflationary pressure on the input materials in its product segments, said Asian Paints in the annual report
Though economic growth is expected to bounce back strongly in 2021-22 on global as well as domestic fronts but a lot would hinge on how the pandemic plays out, given the resurgence of the virus and the spread of infections, it said.
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.