Asian Paints gains as its arm incorporates wholly-owned subsidiary in Qatar
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Asian Paints is currently trading at Rs. 2995.00, up by 17.15 points or 0.58% from its previous closing of Rs. 2977.85 on the BSE.
The scrip opened at Rs. 3013.95 and has touched a high and low of Rs. 3013.95 and Rs. 2985.40 respectively. So far 5459 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. 2686.15 on 27-Jan-2023.
Last one week high and low of the scrip stood at Rs. 3013.95 and Rs. 2930.05 respectively. The current market cap of the company is Rs. 285634.71 crore.
The promoters holding in the company stood at 52.63%, while Institutions and Non-Institutions held 27.70% and 19.67% respectively.
Asian Paints’ wholly-owned subsidiary -- Asian Paints International, Singapore has incorporated wholly-owned subsidiary namely ‘Asian Paints Doha Trading With Limited Liability’ (APDT W.L.L.), Qatar. APDT W.L.L. has been incorporated to engage in the business of trading in paints, coatings and allied products, chemical material related to building & construction works, and Home Decor products.
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.
