Asian Paints Stock Price: Shares of Asian Paints rose 2 per cent to Rs 2,920.50 on the BSE in intra-day trade on Tuesday, countering overall market weakness. The stock was the best performer among the 30 BSE Sensex stocks, while the benchmark index was down 0.59 per cent at 85,138.27.
The stock has recovered 37 per cent from its 52-week low of Rs 2,125 hit on March 4, 2025, and is trading just below its 52-week high of Rs 2,926 hit on November 11, 2025. Over the past two months, Asian Paints has risen about 25 per cent, highlighting strong investor interest.
Why did the painting sector have difficulty recovering?
The paints industry faced a challenging Q2FY26, impacted by heavy monsoon rains and a shortened pre-Diwali season, which slowed sales, particularly of higher-margin exterior paints. Despite this, Asian Paints management expects double-digit volume growth in H2 FY26 (April to September) thanks to:
1) Increased demand for exterior paint products
2) Strong holiday season sales
3) Greater demand from the real estate and industrial sectors.
4) The company expects a 4 to 5 percent gap between volume and value growth, which will likely narrow over time with increasing sales of premium and luxury products.
Raw material cost advantage
Crude oil prices, a key cost driver for paint makers, have softened recently amid hopes of a truce between Russia and Ukraine, reducing input costs for monomers, resins and solvents. Analysts note that this improves gross margin visibility and enhances pricing flexibility in a competitive market.
Should you buy, sell or hold the stock? Brokerage Reviews on Asian Paints
ICICI Securities projects Asian Paints’ revenue and PAT to grow at a CAGR of 9 per cent and 14 per cent respectively during FY25-28, with an upward revision in the volume growth trajectory. The stock trades at 60.7x FY26E EPS and 54x FY27E EPS, below its 5-year average multiple of 67x. ICICI Securities has upgraded the stock to ‘Buy’ with a target price of Rs 3,330.
Motilal Oswal Financial Services also sees steady growth going forward, noting that innovation, brand prominence and regionalization initiatives are expected to support steady performance. With demand stabilizing and raw material costs benign, analysts have raised earnings per share by 4-6 per cent, and the price target has been revised to Rs 3,000, with a ‘Neutral’ rating.
What investors will expect
Asian Paints has emerged as a market leader poised for steady growth despite near-term industry challenges. Strong volume momentum, cost advantage from softer crude and strategic initiatives in premium segments provide a supportive backdrop for the stock. Investors can watch for further gains as festive and industrial demand strengthens in the second half of FY26.
