Current Status
Price: ~ ₹2,546
It is well below its 52-week high (~₹3,394) and above its 52-week low (~₹2,125)
Market capitalization is large; the stock is considered a large-cap, stable name in decorative paints
Key Metrics
P/E (TTM) is high (≈ 67-70) → indicates expensive valuation relative to earnings
P/B is also elevated (≈ 12-13)
Return on Equity (ROE) ~ 18-20% — reasonable, not exceptional but solid
Bullish Scenario
If Asian Paints can reclaim and hold above ~₹2,550-₹2,600, it may move toward retesting higher resistance levels around ~₹2,750-₹3,000
Price: ~ ₹2,546
It is well below its 52-week high (~₹3,394) and above its 52-week low (~₹2,125)
Market capitalization is large; the stock is considered a large-cap, stable name in decorative paints
Key Metrics
P/E (TTM) is high (≈ 67-70) → indicates expensive valuation relative to earnings
P/B is also elevated (≈ 12-13)
Return on Equity (ROE) ~ 18-20% — reasonable, not exceptional but solid
Bullish Scenario
If Asian Paints can reclaim and hold above ~₹2,550-₹2,600, it may move toward retesting higher resistance levels around ~₹2,750-₹3,000
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.