June 12, 2025: Shares of Asian Paints Ltd., a leading large-cap in the Paints & Varnishes sector, closed at ₹2244.35 today, registering a 1.56% gain in intraday trade. The stock fluctuated between a low of ₹2220.05 and a high of ₹2263.95, indicating cautious optimism in the market despite ongoing sectoral headwinds.
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Despite today’s upward movement, the Asian paints stock remains in a short- to mid-term downtrend, with a 1-month return of -4.72% and a 3-month dip of -0.36%. The 52-week range remains wide, with the stock still trading significantly below its high of ₹3394.
📊 Technical Snapshot: Trading Near Critical Pivot Levels
The daily pivot point for Asian Paints is marked at ₹2246.33. The stock closed slightly below this level, indicating indecision among traders. Key technical levels to watch in the near term include:
- Resistance: R1 ₹2272.62, R2 ₹2290.23, R3 ₹2316.52
- Support: S1 ₹2228.72, S2 ₹2202.43, S3 ₹2184.82
The moving averages present a mixed picture. Short-term averages (5 and 10-day) are converging around current price levels, suggesting consolidation. However, the longer-term EMAs and SMAs indicate a bearish divergence, with the 200-day SMA at ₹2560.21 and EMA at ₹2493.43 – both well above the current price.
📉 Underperformance in the Long Haul
In terms of broader performance, Asian Paints has struggled over longer timeframes:
- 6-month: -6.01%
- 1-year: -22.71%
- 3-year: -15.65%
- 5-year: +37.08%
While the 5-year return remains positive, the persistent underperformance over the past year reflects pressure from rising input costs, competitive pricing, and cautious consumer demand in the discretionary spending category.
🆚 Sector Check: Berger Paints Outperforms
In comparison, Berger Paints has delivered a much stronger performance:
- 1-month gain: 3.96%
- 3-month gain: 16.49%
- 6-month gain: 19.16%
- 1-year gain: 12.85%
- 3-year gain: 17.99%
- 5-year gain: 34.69%
This suggests a potential shift in investor preference toward mid-cap peers with more agile cost structures or aggressive expansion strategies.
📌 Outlook: Recovery or Continued Correction?
While Asian Paints remains a fundamentally strong name with significant brand equity and pan-India presence, its current technicals and long-term price action warrant caution. A break above ₹2290 could trigger renewed buying interest, but sustained weakness below ₹2200 may invite further correction.