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Asian Paints is currently trading at Rs. 2853.20, up by 25.60 points or 0.91% from its previous closing of Rs. 2827.60 on the BSE.

The scrip opened at Rs. 2827.60 and has touched a high and low of Rs. 2871.95 and Rs. 2826.45 respectively. So far 22154 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3566.90 on 24-Jul-2023 and a 52 week low of Rs. 2705.90 on 03-Apr-2023.

Last one week high and low of the scrip stood at Rs. 2871.95 and Rs. 2777.80 respectively. The current market cap of the company is Rs. 273189.12 crore.

The promoters holding in the company stood at 52.63%, while Institutions and Non-Institutions held 27.90% and 19.48% respectively.

Asian Paints’ wholly-owned subsidiary -- Asian Paints (Polymers) (APPPL) has entered into requisite agreements with Gujarat Chemical Port (GCPL) to set up an Ethylene storage and handling facility in Dahej, Gujarat. Ethylene is a key raw material for the manufacture of VAM/VAE.

As a part of the arrangement with GCPL, APPPL will be providing a security deposit of Rs 460 crore to GCPL which will be refunded over a period of 17 - 18 years. This would be in addition to the cost of setting up the VAM and VAE manufacturing facility as envisaged before.

GCPL, a joint venture promoted by the Government of Gujarat, has been in operation since the year 2000 and is a strategic commercial port in Dahej with an annual turnover of around Rs 650 crore. GCPL owns and operates a network of shore-based tank farm installations for the receipt, storage, and handling of bulk chemicals.

Asian Paints is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing of related services. The Company's business segments are Paints and Home Improvement.