Asian Paints shares decline over 3% as Q3 results fail to cheer investors

<ul><li>The stock fell 2.64 per cent to ₹2,868.05 apiece on the BSE. During the day, it declined 3.15 per cent to ₹2,853.</li></ul>

Asian Paints Q3 net profit rises 6.4% to ₹1,097 crore

<ul><li>Consolidated revenue from operations stood at ₹8,636.74 crore as against ₹8,527.24 crore in the year-ago quarter, it added.</li></ul>

Asian Paints' Board approves plant at cost of ₹2,000 crore

The Board of Directors of Asian Paints have approved setting up of a new water-based paint manufacturing facility at an approximate investment of ₹2,000 crore.

Asian Paints: Road ahead looks bumpy; brokerages remain unimpressed after Q2, flag concerns

<ul><li>Asian Paints on October 20 reported a lower-than-expected consolidated net profit of ₹783 crore, up about 31% as compared to ₹596 crore in the same quarter last year.</li></ul>

Asian Paints misses profit estimates, shares fall 3%

Asian Paints' consolidated net profit rose 31.3% year-over-year to 7.83 billion rupees ($94.38 million) in the quarter, but missed analysts' expectations of 10.82 billion rupees, according to IBES data from Refinitiv.

Asian Paints stock check: Should you buy the stock or avoid it? Here's what 4 analysts say

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The stock of Asian Paints hit its 52-week high of ₹3,588.05 on January 10, 2022, and is now 4% down from that level. However, the stock has been gaining since July on a monthly basis.

Paint companies post healthy margins in Q1; How should investors play this?

For the quarter ending June, Kansai Nerolac reported a consolidated net profit of ₹152.05 crore, up 36.5% year on year. Similarly, Asian paints delivered strong numbers for Q1FY23 and beat analyst expectations. The company's revenue was up by 54.09 per cent to ₹8,606.94 crore.

For the quarter ending June, Kansai Nerolac reported a consolidated net profit of ₹152.05 crore, up 36.5% year on year. Similarly, Asian paints delivered strong numbers for Q1FY23 and beat analyst expectations. The company's revenue was up by 54.09 per cent to ₹8,606.94 crore.&nbsp;

Asian Paints: Brokerages divided despite a stellar Q1 show

<ul><li>Brokerage firms remained divided on the prospects of the stock after the Q1 show as some of them have faith in the company's market leader position while some think inflation, rich valuation of the stock, weak demand scenario, and weakness in the rupee are the key concerns for the company.</li></ul>

Asian Paints says margins have bottomed out, JM Financial thinks otherwise

JM Financial's note said, risk-reward on the stock does not look all that favourable. It is possibly ignoring the risk(s). Maintain HOLD, they said.

Paint sector's outlook appears bright, but what should you buy from the sector?

A sustained rise in raw material prices is a serious risk for the sector which will erode the margins of the company.

<ul><li>A sustained rise in raw material prices is a serious risk for the sector which will erode the margins of the company.</li></ul>

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Asian Paints shares decline over 3% as Q3 results fail to cheer investors

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