Shares of Asian Paints continued gaining momentum post fourth quarter earnings report and spurted nearly 2 per cent, hitting 52-week high, on the Bombay Stock Exchange.
The paint company reported 4.6 per cent growth in its net profit at Rs 4.81 billion in fourth quarter ended March 31, 2018, as compared to Rs 4.59 billion in the same quarter year ago.
Extending previous session rally, stocks of the company gained as much as 1.85 per cent and touched 52-week high of Rs 1322.55 apiece on the Bombay Stock Exchange.
In a similar trend, shares of the firm were trading 1.87 per cent higher at Rs 1,321.65 apiece on the National Stock Exchange.
Meanwhile, the broader benchmark BSE Sensex was trading at 35,871.99, up 315.28 points, or 0.89 per cent at 11:30 hours.