Shares of Asian Paints today surged nearly 6 per cent as the company reported 3.39 per cent increase in consolidated net profit for the quarter ended March 2018.
The stock gained 5.95 per cent to Rs 1,287 - its 52-week high - on BSE.
At NSE, shares of the company jumped 5.77 per cent to hit a one-year high of Rs 1,288.
The stock was the biggest gainer on both Sensex and Nifty during the morning trade.
Asian Paints yesterday reported 3.39 per cent increase in consolidated net profit at Rs 495.91 crore for the quarter ended March 2018.
The company had posted a net profit of Rs 479.61 crore in the January-March quarter a year ago.
It reported a total income of Rs 4,531.52 crore in the fourth quarter as against Rs 4,442.25 crore in the corresponding period a year ago, Asian Paints said in a BSE filing.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)