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Shares of Asian Paints today surged nearly 6 per cent as the company has a reported 3.39 per cent increase in consolidated net profit for the quarter ended March 31, 2018.
The stock gained 5.95 per cent to Rs 1,287 - its 52-week high - on the BSE. On the NSE, the stock jumped 5.77 per cent to hit a one-year high of Rs 1,288. Asian Paints was the biggest gainer on both the Sensex and Nifty during the morning trade.
Asian Paints had on Thursday reported 3.39 per cent increase in consolidated net profit at Rs 495.91 crore for the quarter ended March 31, 2018 against a net profit of Rs 479.61 crore in the January-March quarter a year ago.
The company has reported a total income of Rs 4,531.52 crore in the fourth quarter against Rs 4,442.25 crore in the corresponding period a year ago, Asian Paints had said in a BSE filing.
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