Reliance Sells Asian Paints Shares for Huge Profit: Reliance Industries Limited (RIL) has sold a 3.6% stake in Asian Paints to SBI Mutual Fund for Rs 7,704 crore ($900 million). This is one of the biggest deals where a single buyer and seller made a trade without involving multiple investors.
Asian Paints
Asian Paints Slips As Analysts Cut Target Prices After Q2 Miss
Shares of Asian Paints shed 3% in intraday trade to Rs 2,912.15 in early trade after analysts reduced their target prices following the paintmaker’s Q2 miss.
Stock Market To Watch : ACC, Asian Paints, Punjab National Bank, United Sprits
✅ Syngene International extended R&D Agreement with Baxter Healthcare till 2024.
✅ IZMO bagged multi-crore order from a leading OEM in Mexico for its car visualizer product.
✅ PNB received Rs 2,816 crore capital infusion from Indian government.
✅ Allahabad Bank received Rs 1,790 crore capital infusion from Indian government.
Consumer, Paint Stocks Surge After Government Cuts GST Rate
Gold Silver Reports (GSR) – Asian Paints, Berger Paints, Relaxo Footwears, Bata India, Havells India and Procter & Gamble shares all climb to record high closing levels after the government cut goods and services tax rate.
GST panel on Saturday reduced goods and services tax on more than 50 products.
Stocks To Watch: Asian Paints, Canara Bank, Fortis, PC Jeweller
Gold Silver Reports (GSR) – Stocks To Watch: Asian Paints, Canara Bank, Fortis, PC Jeweller – Indian equity benchmarks halted their three-day gains dragged by Tata Motors, Sun Pharma, ITC and TCS. The S&P BSE Sensex fell 0.21 percent or 73 points to 35,246 and the NSE Nifty 50 index slipped 0.23 percent or 25 points to 10,716.