India's Asian Paints rises on unit's plan to set up second facility in UAE

Asian Paints

27/11/2025 05:18

** Shares of Asian paints ASPN.NS rise 1% to 2,908 rupees after falling for two straight sessions

** Co's unit Berger Paints Emirates to set up a second paint manufacturing facility in UAE with an investment of about 3.40 billion rupees ($38.10 million)

** The facility will be spread across 100,000 sqm within Khalifa Economic Zones Abu Dhabi, with an initial capacity of 55,800 KL per annum

** ASPN rated "hold" on avg by 35 analysts covering it; median PT at 2,720 rupees- data compiled by LSEG

** YTD, ASPN up 27%

($1 = 89.2370 Indian rupees)

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))