India's Asian Paints rises after quarterly profit jump

Asian Paints

29/05/2026 10:13

** Shares of India's Asian Paints ASPN.NS rise as much as 2.32% to 2733.80 rupees, their highest intraday pct gains in 3 weeks
** Stock last up 1.39%, becoming the fifth biggest Nifty 50 .NSEI gainer; the index is down 0.64% on the day
** India's largest paint-maker by market share reports 69% y/y rise in Q4 net profit to 11.72 billion rupees ($123.1 million)
** Co's revenue grew nearly 11% y/y, helped by domestic volume growth in its mainstay decorative paints segment
** ASPN rated "hold" on average by 35 analysts, median PT at 2729 rupees --LSEG data
** YTD stock down 2.65%, vs 0.57% NSEI drop

 (Reporting by Surbhi Misra in Bengaluru)
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