ASIAN PAINTS Plunges by 12%; BSE 500 Index Down 11.3%

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ASIAN PAINTS Plunges by 12%; BSE 500 Index Down 11.3%
Mon, 23 Mar 12:21 PM

ASIAN PAINTS share price has plunged 12% and is presently trading at Rs 1,683.

Meanwhile, the BSE 500 Index is at 10,631 (down 11.3%).

Among the top losers in the BSE 500 Index today are ASIAN PAINTS (down 11.9%) and HONEYWELL AUTOMATION (down 19.9%).

KIOCL (up 6.5%) and SUPRAJIT ENGINEERING (up 6.2%) are among the top gainers today.

Over the last one year, ASIAN PAINTS has moved up from Rs 1,455 to Rs 1,683, registering a gain of Rs 228 (up 15.7%)..

The BSE 500 has moved down from 15,137 to 10,631, loss of 4,506 points (down 29.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 270.7%), ABBOTT INDIA (up 83.1%) and NAVIN FLUORINE (up 52.9%).

BREAKING NEWS: Massive Opportunity Triggered as Investing Legends Quit

What About the Benchmark Indices?

The BSE Sensex is at 27,901 (down 11.9%).

In the meantime, NSE Nifty is at 8,159 (down 11.8%).

Over the last 12 months, the BSE Sensex has moved down from 38,387 to 27,901, registering a loss of 10,486 points (down 31.34%).

ASIAN PAINTS Financial Update...

ASIAN PAINTS net profit stood at Rs 8 billion for the quarter ended December 2019, compared to a profit of Rs 6 billion a year ago. Net Sales rose 2.4% to Rs 54.2 billion during the period as against Rs 52.9 billion in October-December 2018.

For the year ended March 2019, ASIAN PAINTS reported 9.6% increase in net profit to Rs 21.7 billion compared to net profit of Rs 19.8 billion during FY18.

Revenue of the company grew 12.1% to Rs 193 billion during FY19.

The current Price to earnings ratio of ASIAN PAINTS, based on rolling 12 month earnings, stands at 54.0x.

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