Trending stock: Asian Paints makes new 52-week high

During Tuesday’s trading session, the stock of Asian Paints registered a new 52-week high.

The stock jumped more than 3.10 per cent and made a fresh 52-week high of Rs 2,090 on BSE. Today's intraday high of Rs 2,090, was the stock's new 52-week high, which surpassed its previous high of Rs 2,056.55 hit on September 10, 2020.

On a YTD basis, the stock has gained by 16.72 per cent. According to BSE data, the stock traded at a P/E multiple of 86.29 and a price-to-book ratio of 20.57.

Asian Paints is Asia's third-largest and India’s largest paint company with a group turnover of Rs 202.1 billion. The company operates in 15 countries and has 26 paint manufacturing facilities in the world, catering to consumers in over 60 countries. The products of the company include ancillaries, automotive, decorative paints, and industrial paints.

At 2.55 pm on Tuesday, the stock of Asian Paints was trading 2.74 per cent higher at Rs 2,082.70 on BSE.