Business Standard

Friday, December 20, 2024 | 07:19 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Asian Paints down 3%, hits 52-week low on margin, demand concerns

The geopolitical situation is threatening to further worsen inflation across key commodities

Increasing disposable incomes, surge in sales of high-end products and rapid urbanisation, among other things, are driving demand for luxury and premium paints. Source: Adobe Stock
Premium

Deepak Korgoankar Mumbai
Shares of Asian Paints hit a 52-week low of Rs 2,585 as they fell 3 per cent on the BSE in Tuesday's intra-day deal on margin concerns due to rising inflation. The stock of India's largest decorative paint company has fallen below its previous low of Rs 2,601, touched on March 7, 2022.

In the past one month, the stock price of Asian Paints has declined 15 per cent after Grasim Industries announced doubling of capital expenditure (capex) to Rs 10,000 crore for its foray into the paints business. The Aditya Birla Group firm expects to start production from

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in