Asian Paints’ shares fell over 4% after the release of the June quarter earnings, which saw a consolidated net profit of INR1,550.37 crore ($208.71m), up 52.5% YoY. Consolidated revenue from operations increased almost 7% YoY to INR9,182.31 crore. The slump in the stock was mainly due to profit-booking as the data showed strong performance and was already priced in. The company had seen double‐digit volume and healthy value growth in the Indian decorative business; however, the international business was constrained due to the uncertain global macroeconomic environment.
AstraZeneca Pharma shares rally 13%, hit 52-week high after receiving nod for cancer drug Durvalumab
AstraZeneca Pharma Share Price: The stock is trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).