Asian Paints plunged 5.23% to Rs 895 at 11:38 IST on BSE, on shutting phthalic anhydride plant in Gujarat due to inventory build up and for maintenance.
The stock hit a high of Rs 922 and a low of Rs 895 so far during the day. The stock has a 52-week high of Rs 1319.95 on 31 January 2008 and a 52-week low of Rs 830 on 27 October 2008.
The company's current equity is Rs 95.92 crore. Face value per share is Rs 10.
The current price of Rs 895 discounts the company's Q2 September 2008 annualized EPS of Rs 50.75, by a PE multiple of 17.64.
Asian Paints' net profit rose 12.2% to Rs 121.71 crore on 31.1% increase in net sales to Rs 1168.34 crore in Q2 September 2008 over Q2 September 2007.
The company manufactures and markets paints. The group also manufactures phthalic anhydride and pentaerythritol. The group operates in Australia, Fiji, Solomon Islands, Tonga, Vanuatu, Myanmar, China, Thailand, Malaysia, Singapore, Bangladesh, Nepal, Srilanka, Bahrain, the UAE, Oman, Barbados, Jamaica, Trinidad, Tobago, Egypt, Mauritius and Malta.
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