Asian Paints shares fall as earnings disappoint

Written by Reuters | Mumbai | Updated: Jan 21 2014, 17:47pm hrs
Asian PaintsAsian Paints's net profit for October-December quarter fell by 1.75%, disappointing some investors.
Shares in Asian Paints fell more than 3 percent on Tuesday after the company's net profit for the October-December quarter fell by 1.75 percent, disappointing some investors.

The company said late on Monday its December quarter consolidated net profit reached 3.29 billion rupees, while its net profit reached 3.07 billion rupees.