Does UILabel have a horizontal padding?
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No, but it inherits from UIView, so check out if you can achieve what you want with Frame and Bounds http://developer.apple.com/iphone/library/documentation/uikit/reference/UIView_Class/UIView/UIView.html#//apple_ref/occ/cl/UIView

Andiih
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I have some horizontal padding, I have set the label.layer.opaque=NO; and it solved the problem. :) – Arpit B Parekh Aug 31 '15 at 10:37