Stocks

Company news: Asian Paints

| Updated on April 09, 2019 Published on April 09, 2019

The shares of Asian Paints led the Sensex pack of gainers on Wednesday, closing at Rs. 1,400.4, up 3.39 per cent. The paint manufacturer’s stock had hit a month-low of Rs. 1,254.35 on December 11.

Asian Paints has informed the exchanges that a fire broke out at its manufacturing facility in Vishakhapatnam, Andhra Pradesh, on Monday afternoon. The fire has been brought under control and the company is in the process of assessing the extent of damage. The manufacturing operations of the plant have been affected but it will not have any impact on the business operations of the company, it said. Shares of Asian Paints slipped 3.54 per cent at ₹1,443.50 on the BSE.

Published on April 09, 2019
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