{"id":113929,"date":"2023-11-17T16:57:11","date_gmt":"2023-11-17T11:27:11","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113929"},"modified":"2023-11-17T16:57:30","modified_gmt":"2023-11-17T11:27:30","slug":"why-did-asian-paint-stock-jump-3-3-today","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/why-did-asian-paint-stock-jump-3-3-today\/","title":{"rendered":"Why did Asian paint stock jump up to 3.3% today?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-351920618\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Asian Paint Ltd is a large-cap with a market capitalization of Rs 3,04,545.30 crore, On Friday the company shares were trading at Rs 3,175 a share, an increase of 3.3 percent from the previous close price.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2097444994\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Petroleum-based raw materials are used extensively in the production of paint. Paint prices are inversely correlated with margins, and the price of crude oil is directly related to the cost of paint. The cost of manufacturing goes up and margins go down as crude oil prices rise.\u00a0<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ASIANPAINT\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Asian Paints<\/a><\/strong> emerged as the top gainer in today&#8217;s section in the nifty 50 Index after oil prices dropped around 5 percent on Thursday to their lowest in four months. The stock gained nearly six percent since the beginning of this year.\u00a0<\/p><p>Asian Paint Ltd revenue increased by 0.25 percent from Rs 8,457.57 Crore in Q2FY23 to 8,478.57 Crore in Q2FY24. During the same period, net profits increased by 53 percent from Rs 781.74 crore to Rs 1,203.26 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1007371149\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Leading brands like Asian Paints, Sleek, Berger, Weather Seal, Apco, Taubman, Kadisco, Scib, and others are housed under Asian Paints Group, which leads the market with a 53 percent market share, and non-automotive industry coatings business grew with our focus on the oil and gas sector, road markings, and flooring and crossed the \u20b9 1,000 Crores mark.&nbsp;<\/p><p>Asian Paint Ltd&#8217;s recent shareholding pattern, The Promoters of the company own 52.63 percent while Retail shareholders own a 19.67 percent stake in the company and Foreign Institutional Investors own a 17.65 percent stake.&nbsp;<\/p><p>The biggest retailer of interior decor in India is called Asian Paints. The business deals in wall paints, wall coverings, waterproofing, texture painting, wall stickers, adhesives, mechanized tools, modular kitchens, sanitaryware, lighting, and soft furnishings.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By:- Abhishek Singh<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3065910506\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Asian Paint Ltd is a large-cap with a market capitalization of Rs 3,04,545.30 crore, On Friday the company shares were trading at Rs 3,175 a share, an increase of 3.3 percent from the previous close price.&nbsp; Petroleum-based raw materials are used extensively in the production of paint. Paint prices are inversely correlated with margins, and [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[12621,2850,948,936,14485],"class_list":["post-113929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-asian-paints-latest-news","tag-asian-paints-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-asian-paints-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why did Asian paint stock jump up to 3.3% today? - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Asian Paint Ltd is a large-cap with a market capitalization of Rs 3,04,545.30 crore, On Friday the company shares were trading at Rs 3,175 a share, an increase of 3.3 percent from the previous close price.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/why-did-asian-paint-stock-jump-3-3-today\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why did Asian paint stock jump up to 3.3% today?\" \/>\n<meta property=\"og:description\" content=\"Asian Paint Ltd is a large-cap with a market capitalization of Rs 3,04,545.30 crore, On Friday the company shares were trading at Rs 3,175 a share, an increase of 3.3 percent from the previous close price.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/why-did-asian-paint-stock-jump-3-3-today\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-17T11:27:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-17T11:27:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/10\/Asian-Paints-1-Cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/why-did-asian-paint-stock-jump-3-3-today\/\",\"url\":\"https:\/\/tradebrains.in\/features\/why-did-asian-paint-stock-jump-3-3-today\/\",\"name\":\"Why did Asian paint stock jump up to 3.3% today? 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