According to the company's investor presentation, the Industrial Business clocked a growth uptick, with the AP-PPG joint venture revenue rising 16.5% and the PPG-AP automotive segment growing 16.9%.
The quarter's net profit was impacted by exceptional items totalling Rs 157.61 crore. This included a one-time expense of Rs 63.74 crore following the new labour codes.
The new facility will have an initial capacity of 55,800 KL per annum and will be spread across 100,000 sqm within the Khalifa Economic Zones Abu Dhabi (KEZAD), Abu Dhabi.
The auto major has announced a recall of 39,506 units of its Grand Vitara sport utility vehicle (SUV). Maruti Suzuki stated that vehicles manufactured between December 9, 2024, and April 29, 2025, are part of the recall.
Asian Paints stock rose 4.49% to a fresh 52 week high of Rs 2,898.20 today. Market cap of the firm stood at Rs 2.74 lakh crore.
Asian Paints share price today: Shares of Asian Paints closed 4.46% higher at Rs 2773 today. Market cap of the firm stood at Rs 2.66 lakh crore.
An analyst from Master Capital Services said that Asian Paints has given a strong breakout from falling trendline resistance, backed by robust volume, indicating renewed buying interest.
Nuvama Institutional Equities maintains its 'Buy' rating on Asian Paints, highlighting stable margins, demand recovery, and strategic initiatives to boost growth, with a target price of Rs 2,935.
The brokerage said Asian Paints remains focused on safeguarding its market share, with its EBITDA margin likely to stabilise within the 18–20 per cent band.
An analyst from Master Capital said that Asian Paints has given a breakout from a double-bottom formation on the weekly chart, signaling a strong bullish reversal.
Axis Securities said that Sudarshan Chemicals demonstrates strong bullish momentum with the successful formation of a series of higher tops and bottoms.





