Asian Paints Stock Sees Nearly Two-Month Low After Weak Q1 FY25 Results
In the morning trade on the National Stock Exchange (NSE), Asian Paints’ stock dropped by 4.45% to Rs 2,842 apiece, marking its lowest level since May 22. Currently, it is trading at Rs 2,914.5 per share, down by 2.01% compared to a 0.33% increase in the Nifty 50 index by 9:40 a.m.
Over the past 12 months, the share price has fallen by 17%, and year-to-date, it has declined by 14%. The relative strength index stands at 49, indicating a neutral market sentiment.
Analysts’ sentiment on the stock is divided, with 16 out of 38 analysts rating it as ‘sell’, 11 as ‘buy’, and the remaining 11 suggesting ‘hold’. The average of 12-month price targets from analysts suggests a potential downside of 1.1%.
Keep an eye on Asian Paints’ stock performance as it navigates through challenging times post the disappointing Q1 FY25 results. Stay informed to make informed investment decisions.
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