Asian Paints shares fall as earnings disappoint

Reuters Posted online: Tuesday, Jan 21, 2014 at 0000 hrs
Mumbai : 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.