Asian Paints Ltd Share Price (ASIANPAINT)

Asian Paints Launches Neo Bharat Latex Paint - 16 Apr, 2024

Asian Paints has launched a new product, Neo Bharat Latex Paint, marking its entry into a novel paint category. The move is spurred by the sector's robust growth and increasing urbanization. The company aims to broaden the market and stimulate category growth as a market leader.

Asian Paints Launches New Product for Rural Markets - 15 Apr, 2024

Asian Paints has launched a new product, Neo Bharat Latex Paint, targeting rural markets and expected to add 1% to its overall market share. The company's CEO also stated that new players entering the market would not affect Asian Paints' position as the market leader.

Mixed Signals for Asian Paints Ltd Stock - 09 Apr, 2024

While Asian Paints' high P/E ratio raises concerns, analysts believe it has potential for growth. The stock is currently one of the top laggards in the S&P BSE Sensex.

Asian Paints Shares Show Volatility, But Strategic Trading Can Yield High Returns - 08 Apr, 2024

Shares of Asian Paints have shown volatility over the past three years, but strategic trading can yield high returns. An investor who bought shares during a dip in April 2021 and sold them around the peak in September 2021 could have more than doubled their investment. The company's market capitalization has performed well compared to its net profit.

Asian Paints Appoints Virat Kohli as Brand Ambassador - 03 Apr, 2024

HSBC has maintained a buy rating on Asian Paints with a target of ₹3,750 per share. Meanwhile, Asian Paints has announced Virat Kohli as the brand ambassador for Neo Bharat Latex Paint, aiming to expand its footprint and democratize the paint category.

Asian Paints Board Approves Investment in Subsidiary - 01 Apr, 2024

The board of Asian Paints has approved a Rs 200 crore investment in its subsidiary, Asian Paints International. The company also plans to subscribe for equity shares of its Singaporean subsidiary for SGD 32.1 million. Despite having a high PE ratio, Asian Paints is still considered a quality stock.

Asian Paints to Infuse Rs 200 Crore in Singapore Arm - 29 Mar, 2024

Asian Paints will invest Rs 200 crore in its Singapore arm, APIPL, for repayment of borrowings and infusion of money in certain subsidiaries. The investment is subject to regulatory formalities and expected to be completed within 60 days. Asian Paints reported a consolidated net profit of Rs 1,447.72 crore in Q3 FY24, up by 34.96% YoY, while net sales grew by 5.43% YoY to Rs 9,074.94 crore.

Asian Paints Approves Subscription to Equity Shares; Independent Director Refuses Second Term - 28 Mar, 2024

Asian Paints' wholly-owned subsidiary in Singapore is set to issue and allot 4,79,00,000 equity shares for SGD 32.1 million, while Pallavi Shroff has refused a second term as an independent director amid concerns raised by a proxy firm.

Asian Paints Director Withdraws Candidature Amidst Concerns - 27 Mar, 2024

Pallavi Shroff, an independent director at Asian Paints, has withdrawn her candidature for a second term amidst concerns raised by a proxy firm. The company's CEO highlighted their market share in Uttar Pradesh.

Conflict of Interest Raises Concerns Over Independent Director Appointment at Asian Paints - 26 Mar, 2024

Proxy advisory firm InGovern Research has recommended that shareholders vote against the reappointment of Pallavi Shroff as an independent director of Asian Paints due to a conflict of interest. Shroff has announced she will not seek a second term amid ongoing e-voting by shareholders.

Asian Paints Faces ₹10 Lakh Interim EDC - 25 Mar, 2024

Asian Paints has been imposed with an interim environment damage compensation of ₹10 lakh by the Gujarat Pollution Control Board. The company is reviewing the direction to understand the rationale for the EDC levied, as all statutory norms were followed during the under-construction project. Additionally, there was a minor fire incident in Ankleshwar premises on December 22, 2023, which was controlled immediately without any casualty. Pallavi Shroff will not continue as an independent director after March 31, 2024.

Asian Paints Independent Director Refuses Reappointment - 24 Mar, 2024

Pallavi Shroff, Managing Partner of Shardul Amarchand Mangaldas & Co, has declined to continue as an independent director on the board of Asian Paints for a second term. The company's proposal seeking shareholder approval through postal ballot for her reappointment stands cancelled.

Jefferies Sees Downside Risk for Asian Paints Due to Intensifying Competition - 23 Mar, 2024

Grasim's discount pricing for Birla Opus may pose a downside risk to market leader Asian Paints, according to Jefferies. The investment bank expects earnings-per-stock to remain flattish over the next two years due to rising competition and has an underperform call on Asian Paints with a price target of Rs 2,500, reflecting a downside potential of over 12% from the previous close.

Competition From Birla Opus Impacts Asian Paints' Earnings Forecast - 22 Mar, 2024

Asian Paints is facing increased competition from Birla Opus, leading to expectations of a 5% price cut in April 2024. Analysts predict flat earnings per share over the next two years and downside risk to forecasts.

Asian Paints and Other Paint Stocks Underperform Sensex - 20 Mar, 2024

Shares of Asian Paints have fallen by about 1% over the past year, while Kansai Nerolac and Akzo Nobel have gained just about 2% and 6%, respectively. The majority of stocks in the paint sector have underperformed the Sensex in the last one year.

Asian Paints Lags Behind Market Growth Amidst New Competition - 19 Mar, 2024

Asian Paints' stock growth has been modest compared to the market's impressive 20% increase. The launch of Grasim Industries' new paint brand, Birla Opus, with prices below Asian Paints' and other competitors' rates, has led to caution among investors in the paint segment.