On Sensex, Asian Paint has surged to an intraday high of Rs3023.40 per piece just a couple of rupees away from the 52-week high of Rs3,091 per piece.
The stock continues to trade over Rs3,000-mark.
At around 11.26 AM, Asian Paint is trading at Rs3006.95 per piece up by Rs27.60 or 1% on Sensex. At the current market price, its market valuation stands more than Rs2.88 lakh cr.
In Q1, the company is expected to record a three-digit growth level in the bottom line front led by a low base. Revenue is also expected to be strong. The company's volume and Covid-19 impact will be keenly watched.
For the full year FY21, the company posted a consolidated net profit of Rs3,207cr up by 15% yoy. While revenue surged by 7% yoy to Rs21,713cr.
The company saw stable growth in FY21 despite uncertainties arising from the Coronavirus pandemic.