Asian Paints shares up 8% in 1 week amid rising momentum, even as regulatory clouds loom

Asian Paints shares up 8% in 1 week amid rising momentum, even as regulatory clouds loom

Shares of Asian Paints have gained 8.3% over the past week, rising as much as 1.8% on Thursday, as falling crude prices boosted investor optimism around improving margins for India’s largest paint manufacturer, even as it faces an antitrust probe by the country’s competition regulator. The rally comes amid a drop in global oil benchmarks, … Read more

Asian Paints shares slip over 3% on announcing resignation of 2 top executives

Asian Paints shares slip over 3% on announcing resignation of 2 top executives

Shares of Asian Paints today fell by 3.4% to their new 52-week low of Rs 2,266 on the BSE after the company announced the resignation of Shyam Swamy and Vishu Goel, two of the company’s senior management executives. Shyam Swamy was the Vice President, Home Improvement, Décor, Services & Retailing while Vishu Goel served as … Read more