LiveIndia Markets Update: Asian Paints Share Price

July 3, 2025: Asian Paints Share Price, a key player in the Paints and Varnishes sector and a Largecap stock on the BSE, has continued its recent upward trend, with the share price rising 1.07% to settle at ₹2447.55. The intraday movement saw the stock trade between a low of ₹2426.3 and a high of ₹2464, indicating strong buying interest amid broader market optimism.

Over the last month, Asian Paints has delivered a 7.87% gain, while the three-month return stands at 6.03%, highlighting a potential trend reversal after underperformance earlier this year.

Technical Snapshot and Moving Averages

The stock is currently hovering around its daily pivot of ₹2447.27, with key resistance levels placed at ₹2468.23 (R1), ₹2484.97 (R2), and ₹2505.93 (R3). Support is likely to emerge at ₹2430.53 (S1), ₹2409.57 (S2), and ₹2392.83 (S3).

From a moving averages perspective:

• Short-term (5-day) SMA is at ₹2308.88, while the EMA is at ₹2334.47.
• 10-day SMA and EMA stand at ₹2290.76 and ₹2309.59 respectively.
• 20-day SMA: ₹2262.75 | EMA: ₹2293.44
• 50-day SMA: ₹2319.8 | EMA: ₹2301.77
• 100-day SMA: ₹2303.76 | EMA: ₹2339.41
• 200-day SMA: ₹2492.16 | EMA: ₹2463.61

These indicators suggest that while the stock is nearing some resistance levels, the current price action is still below the 200-day average, hinting at room for recovery if momentum continues.

Comparative Sector Outlook

Compared to peers, Berger Paints India has shown stronger near-term momentum with a three-month gain of 18.36% and a six-month rise of 30.72%. In contrast, Asian Paints has posted a one-year decline of -17.31%, though its five-year return of 43.47% remains robust, showcasing its long-term value proposition.

Investor Takeaway

While short-term technicals indicate a cautious uptrend, medium-to-long-term investors may find value in Asian Paints at current levels, especially if broader sentiment in the paints sector remains bullish. A sustained move above the 200-day EMA (~₹2463) could signal a stronger breakout.