Asian Paints in Spotlight as LIC Boosts Stake to 7% – What It Means for Investors!

Asian Paints in Spotlight as LIC Boosts Stake to 7% – What It Means for Investors!

The state-owned Life Insurance Corporation of India (LIC) announced in a regulatory filing on Tuesday that it had raised its ownership of Asian Paints from 5.001% to 7.01%. LIC acquired shares of the paint giant on the open market between January 1, 2024, and December 9, 2024, at an average price of ₹2,891.25 per share, … Read more

Asian Paints Shares Plunge 9.5% After Disappointing Q2 Results; Analysts Slash Price Targets

Asian Paints Shares Plunge 9.5% After Disappointing Q2 Results; Analysts Slash Price Targets

Asian Paints said on Saturday that its Q2 FY25 net profit dropped 42.4% to ₹694.6 crore due to low demand and high material costs. Compared to the previous year’s ₹8,451.9 crore, consolidated net sales decreased 5.3% to ₹8,003 crore. Even more precipitously, profit before depreciation, interest, taxes, and other things (PBDIT) fell by 27.8% to … Read more