Asian Paint Drop: 9.30 Percent WHY, WILL IT GOING TO FALL MORE?

On November 11, Asian Paint has fall over 9% because of its poor Q2FY25 results and the business has performed poorly as a result of increased competition.

Due to the company’s notable operating miss, JPMorgan downgraded Asian Paints to ‘Underweight’ and lowered its target price from Rs 2,800 to Rs 2,400. In Q2FY25, the company’s profit-before-depreciation, interest, and tax (PBDIT) margin decreased from 20.3 percent to 15.5 percent. CEO Amit Syngle stated, “Operating margins were impacted by the price reductions taken last year, higher material prices and increased sales expenses.”

WILL ASIAN PAINT FALL MORE?

The stock has made a low of 2506 and Closing price is 2543.

Its next target can be 2450, and if it breaks that then the next target will be 2310 it can be its weekly target

“THE INFORMATION IS FOR EDUCATIONAL PURPOSE “,

SHARE REVIEW IF OUR INFORMATION HELPS YOU.