Asian Paints gains after its arm plans to set up second paint manufacturing facility in UAE
Asian Paints is currently trading at Rs 2904.00, up by 28.95 points or 1.01% from its previous closing of Rs 2875.05 on the BSE.
The scrip opened at Rs 2875.10 and has touched a high and low of Rs 2913.00 and Rs 2875.10 respectively. So far 19664 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 1 has touched a 52-week high of Rs 2926.00 on 17-Nov-2025 and a 52-week low of Rs 2125.00 on 05-Mar-2025.
Last one week high and low of the scrip stood at Rs 2913.00 and Rs 2855.30 respectively. The current market cap of the company is Rs 278781.25 crore.
The promoters holding in the company stood at 52.63%, while Institutions and Non-Institutions held 33.22% and 14.16% respectively.
Asian Paints’ wholly owned subsidiary -- Asian Paints International’s step-down subsidiary -- Berger Paints Emirates Co (L.L.C), UAE has planned to set up its second paint manufacturing facility in UAE with an investment of AED 140 million (around Rs 340 crore), having an initial capacity of 55,800 KL per annum. The facility will be spread across 100,000 sqm within Khalifa Economic Zones Abu Dhabi (KEZAD), Abu Dhabi, UAE.
Asian Paints manufactures a wide range of paints for decorative and industrial use and also offers Wall Coverings, water proofing, adhesives and services under its portfolio.
