Asian Paints shares plunged on Tuesday after its third-quarter consolidated profit fell 1.6% from a year ago. It earned a profit of Rs 3.3 billion for the quarter ended Dec. 31, 2013, compared with Rs 3.35 billion, a year ago.

Consolidated quarterly sales totaled at Rs 34.52 billion, an increase of 13.20% over Rs 30.5 billion in the same period a year ago.

Shares of the company are trading at Rs 475, down Rs 15.1, or 3.08% at the Bombay Stock Exchange (BSE) on Tuesday at 10:00 a.m.

The scrip has touched an intra-day high of Rs 482.00 and low of Rs 473.00. The total volume of shares traded at the BSE is 60,216.

In the earlier session, the shares lost 0.34%, or Rs 1.65, at Rs 490.10.

Currently, the stock is trading down 15.18% from its 52-week high of Rs 560.00 and above 26.21% over the 52-week low of Rs 376.35.