Should you buy, sell or hold Asian Paints after mixed Q1 earnings?

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Asian Paints on Tuesday reported a 52.5% year-on-year (YoY) rise in consolidated net profit for the quarter ended June to Rs 1,550.37 crore. Consolidated revenue from operations increased nearly 7% YoY to Rs 9,182.31 crore, but was lower than the estimated Rs 9,358 crore.

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