Shares of Asian Paints on Thursday fell 4% to the day’s low of Rs 2,848 on BSE after the company reported a consolidated net profit of Rs 1,170 crore for the quarter ended June 30, 2024, dropping 24% year-on-year (YoY). The consolidated revenue from operations stood at Rs 8,943 crore, falling 2.3% YoY over Rs … Read more
The Indian market is likely to trade lower on Wednesday tracking muted global cues. The Nifty future closed negative with losses of 0.25% at 22,925 levels on Tuesday. India VIX was up by 4.36% from 23.19 to 24.20 levels. On the Options front, the maximum Call OI is placed at 23,000 and then towards 23,200 … Read more
Asian Paints Ltd, part of the paint sector, has remained range-bound despite benchmark indices trading fresh record highs in the short to medium term. The paint stock has fallen in double digits in the last 3 months, but the price action suggests that it is forming a base around 2700 levels on weekly charts. Short-term … Read more
Asian Paints shares plunged 6% to the day’s low of Rs 3,048.60 in Thursday’s early trade following its December quarter earnings. Moreover, stances taken by a couple of top domestic brokerages did not cheer investors. While Kotak Institutional Equities recommended a ‘Reduce’ rating, Motilal Oswal reiterated a ‘Neutral’ view. Nuvama chose to remain upbeat with … Read more
Asian Paints Ltd, part of the paint industry, might be down marginally from the July 2023 high but chart pattern suggests that the stock is gaining momentum and should be able to hit fresh record highs in 2024. Short-term traders can look to buy the stock now or on dips for a possible target above … Read more
