The paint maker reported a low single-digit volume growth in its decorative paints business. Other operational parameters were relatively flat on a year-on-year basis.

Revenue fell 7% while net profit declined 2.1%. Margins were steady at 18.5% from 17.8%.

Gross margins however, grew 400 basis points to 45.8%, aided by lower input costs and higher inventory gains.

Let's take a look at what Brokerages are making of the results:

CLSA

• Outperform rating maintained
• Price target of Rs 1,710
• Valuations leave little room for upside

UBS

• Buy rating maintained
• Price target of Rs 2,000
• Strong volume growth visibility, distribution strength and emerging competitive advantage justify premium valuation

Goldman Sachs

• Sell rating maintained
• Price target of Rs 1,064 per share

Credit Suisse

• Outperform rating maintained
• Price target of Rs 1,850
• Has highest visibility of FY22 earnings within consumer discretionary stocks

To read about brokerage views on Asian Paints in greater detail, click here.

Shares gained as much as 5.1% to Rs 1,769 and are up for the fifth straight day. The stock is also the top performer on the Nifty 50 index.

30.5 lakh shares of the diagnostics player exchanged hands in a single large trade on the Bombay Stock Exchange, as per Bloomberg data.

The total number of shares exchanged amount to 6% of the total equity.

The promoter group had intended to sell 23.4 lakh shares or 4.6% of the total equity in the company through a secondary placement at Rs 1,300 per share.

The floor price was a 10.5% discount to Tuesday's closing.

Post the stake sale, promoter stake will decline to 52.31% from 56.9%.

Shares fell as much as 4.7% to Rs 1,382.1 and are down for the third straight day.

The state-run lender reported a net profit of Rs 506 crore for the quarter ending March, aided by a tax write-back of Rs 2,230 crore.

The bank's Net Interest Income grew 40% as compared to the previous year while asset quality improved sequentially.

Gross NPA for the bank stood at 9.4% from 10.43% while net NPA declined to 3.13% from 4.05% in the previous quarter.

The bank's management expects the loan moratorium portfolio to come down to 35% by August. The portfolio currently stands at 65%.

Shares gained as much as 8.9% to Rs 55. The stock trades at a three-month high and is up for the sixth day in a row. This is the stock's longest winning streak since November 2019.

3.36 crore units or 4.4% of the total equity of the real estate investment trust exchanged hands in two large trades on the National Stock Exchange, according to Bloomberg data.

Blackstone Sponsor Group intended to sell 7.2% stake through a secondary placement of units.

Seling price for the trade ranged between Rs 340-350 per unit, implying a 6.5-3.7% discount from Tuesday's closing price.

Post the share sale, Blackstone Sponsor Group's total stake to come down to 48.1% from 55.3%. Settlement for the same will take place on June 26.

The stock fell as much as 6.2% to Rs 341 and is down for the fourth straight day.