With its main office in Mumbai, Asian Paints Ltd. is a multinational paint manufacturer based in India. The company’s operations include the production, distribution, and sale of paints, coatings, home décor items, bathroom fixtures, and other services.
The markets fell more than half a percent, continuing their losses for the third consecutive day. Due to a number of news events, shares of ITC, IOL Chemicals, Ircon, SBI, and Asian Paints, among others, will be the focus of today’s trading.
SHARE PRICE TODAY:
Live Updates on the Share Price of Asian Paints Today: Asian Paints saw a little decrease on the most recent trading day, opening at ₹2359 and closing at ₹2356.8. Throughout the session, the stock fluctuated between a high of ₹2372.75 and a low of ₹2341.15. At ₹225,870.3 crore, the market capitalisation was present. With 96,422 shares traded on the BSE, the stock’s performance over the last year has been characterised by a 52-week high of ₹3422 and a low of ₹2350.45.
SHARE PRICE LIVE UPDATES:
In keeping with its rivals, Asian Paints’ share price has fallen 2.1% today, trading at ₹2296.35. Decreases are also being seen by other businesses in the industry, such as Fertilisers & Chemicals Travancore, Pidilite Industries, Solar Industries India, and SRF. In the meantime, the benchmark indexes, the Sensex and the Nifty, have dropped 1.08% and 1.24%, respectively.
SHARE PRICE ANALYSIS:
Asian Paints’ share price is presently trading at ₹2300.00, down 1.95%. Asian Paints shares have dropped 29.69% in value over the last year, landing at ₹2300.00. In comparison, over the same one-year period, the Nifty index increased by 12.98% to reach 24198.85.
FUTURE OF ASIAN PAINTS SHARE:
With a maximum estimate of 3,750.00 INR and a minimum estimate of 2,080.00 INR, experts have set the price target for ASIANPAINT at 2,627.19 INR. Check to see whether this prediction comes true in a year. In the meanwhile, monitor the stock price chart of ASIAN PAINTS LTD. and stay up to date on the latest developments using ASIANPAINT and stock market news.
WHY IS ASIAN PAINTS SHARE FALLING?
Since March 2021, it has not been trading at this level. Furthermore, due to weak demand, Asian Paints’ shares have underperformed the market thus far in the calendar year 2024 (CY24), dropping 30%. The BSE Sensex, in contrast, has increased by 13% over the same time frame.
ARE THIS PAINT GOOD FOR LONG TERM?
Since the company’s 1994 listing on public markets, its equities have returned over 500% and at a compound annual growth rate (CAGR) of 20% during the past ten years.
THE CEO:
Asian Paints’ MD and CEO, Amit Syngle, offers his thoughts at the Nilaya Atelier stand during ID Mumbai 2024. Asian Paints, the title sponsor of ID Mumbai, displayed an enthralling collection of furniture, wall coverings, wallpaper, and other items.
WHAT IS THE MARKET SHARE IN 2024?
With a predicted market share of more than 53% in 2024, Asian Paints alone is not only a participant in the expansion of this sector; rather, it is a market leader and a driving force.
WHICH IS THE RICHEST PAINT COMPANY IN INDIA?
By far the biggest manufacturer of paint and coatings in India is Asian Paints. In the fiscal year 2022–2023, the company’s net sales of $4.20 billion (INR 344.886) billion represented over half of India’s architectural coating market.
WHO IS THE OWNER:
The majority of the company’s shares were owned by the families of the four founders—Choksey, Choksi, Dani, and Vakil.
IS THIS PAINT PROFITABLE?
Consolidated net sales decreased 5.3% from the previous year to ₹8,003 crore from ₹8,451.9 crore. To ₹1,239.5 crore, profit before depreciation, interest, taxes, and other things (PBDIT) fell even more precipitously by 27.8%.
