Asian Paints shares edge down in rough market session
Updated
Updated · MarketWatch · Apr 30
Asian Paints shares edge down in rough market session
8 articles · Updated · MarketWatch · Apr 30
The stock slipped 0.11% to 2,444.60 rupees on Thursday as the BSE Sensex fell 0.75% to 76,913.50.
Asian Paints still outperformed rivals, with Shalimar Paints down 2.26%, Jenson & Nicholson falling 4.83%, and JSW Dulux losing 0.89%.
The shares closed 18.12% below their 52-week high of 2,985.50 rupees reached on 4 December, while trading volume of 57,535 stayed below the 50-day average of 72,661.
Can Asian Paints' iconic brand withstand the price wars ignited by new, deep-pocketed rivals like Birla Opus?
How will crude oil prices above $100 per barrel reshape the Indian paint industry's competitive landscape?