Asian Paints Limited overview
Asian Paints Limited is a paint company.
Founded 1 February 1942; 81 years ago
Founders Champaklal Choksey,Chimanlal Choksi,Suryakant Dani,Arvind Vakil
Website asianpaints.com
On July 1st 1999, Asian Paints Limited got listed on National Stock Exchange (NSE). While listing on the stock exchange price of ICICI Bank was around 12 Indian rupees and later on price kept on growing slowly but over the period of around 2 decades this share has become multi bagger for initial investors and shareholders. Presently, Asian Paints Limited stock price is around 2820 INR while writing this article.
Asian Paints Historical Monthly Data
What is the target price of Asian Paints Share?
In 2023 starting Asian Paints share price was 3087 INR. and slowly decreasing because of global sentimental impact as well as crude oil price increases.Today's price of Asian Paints stock is 2820 INR while writing this article.Last 3 month is very bad for this stock,stock made low 2694 then starting upside or positive way.If the stock came around 52 week lower price range this will be best opportunity to buy this stock.If not then we can buy the same level for more upside target.The target price of Asian Paint Stock is 3340-3400 INR.So many factor to be analyse like Balance sheet,YoY & QoQ basis profit and tax statement.Crude oil price is raw material for the paints stock, so always increasing price of crude this reduces the profit margin of the stock.This will impact on stock price and profit of company.
Asian Paints Share price target 2023
Asian Paints Share price target for 2023 is between 3340 to 3400 rupees.It is not exact but as per our research we see these price targets.One of the best reason shares can go around 3400 range is increasing profit and decreasing the expenses.
Asian Paints Share price target 2025
Asian Paints Share price target for 2025 is between 4800 to 5200 rupees. Asian Paints generated revenue last quarter is 29101Cr this is more than previous quarter revenue 21713cr. This condition says that the stock is growing each quarter and increasing the trust factor. This will impact market share value.Also one of the most important reasons as per fundamental point of view is that companies have tried to decrease their expenses and that saved expenses are converted into profit.This shows aggressive decision making to reduce expenses of company balance sheets.
It is not exact but as per our research we see these price targets.which is a very great return around 70-80% from current stock price of Asian Paints in 2023.
Asian Paints Share price target 2030
Asian Paints share price target for 2030 is between 8500 to 8800 rupees which is a very great return for long term around 210% from current stock price of ICICI Bank in 2023.This will beat the inflation also.This stock has dividend yield around 068% that returns like FD.
We can see the growth of stock in Fundamental as well as Technical point of view.Last QoQ balance sheet as well as YoY report is here.
Asian Paints Share price target 2040
Asian Paints Share price target for 2040 will be updated soon as we are working on it and trying to do proper technical analysis.
Asian Paints Share Price Target
Asian Paints Share Price Technical Analysis,Chart Analysis
Weekly Chart Analysis:
Asian Paints on weekly time frame taking support price range 2680-2720, while 2990-3020 acts as resistance level.As per technical point of view asian Paints stock shows short term basis negative price action.this indicates that price should come around 2500 level .This is strong buying range & opportunity for long term buyer with small sl below 2350 level for the target of 3000 level.When the price can cross above 3020 on closing basis then easily achieved our target of 3350 INR.
Asian Paints share Exponential Technical Analysis on Weekly chart
Short Term Moving Average 20 EMA is around 2905 INR and cmp is 2800 INR. This EMA informs that on a short term basis technically Asian Paints stock is a negative trend that means sell on rise.The trend will be positive Asian Paints stock price trade above 20 EMA.
Medium Term Moving Average 50 EMA is around 2997 INR and cmp is 2800 INR. This EMA confirms that the medium term outlook for Asian Paints is negative.The trend will be positive when price trades above 50 EMA level.
Longer Term Moving Average 200 EMA is around 2562 INR and cmp is 2800 INR. This EMA indicates a longer run very strong technical chart pattern & outlook,Also 200 EMA indicates if stock price came around 200 EMA buy that stock hold for longer run.
Monthly Chart Analysis
Asian Paints on Monthly time frame taking support 2620-2580 range ,this is strong support range.If this strong support break on daily closing basis,then down side possible up to 2200-2300 price range.If 2620-250 support range break,then stock become weak, seller can sell any rise till 2550 with stop loss of 2620.
Upside 2990-3020 acts as a strong resistance.If this resistance break then we can see the stock level 3300 level. On a closing basis above 3400 ,more upside possible stock can see the level 3700 easily.Long term holding propose 2500-2600 range good with small sl of 2400 for target of 3000,3300.
Asian Paints share Exponential Technical Analysis on Monthly chart
Short Term Moving Average 20 EMA is around 2944 INR and cmp is 2800 INR. This EMA informs that on a short term basis technically Asian Paints stock is a negative trend that means sell on rise.The trend will be positive Asian Paints stock price trade above 20 EMA.
Medium Term Moving Average 50 EMA is around 2508 INR and cmp is 2800 INR. This EMA confirms that the medium term outlook for Asian Paints is positive.Stock is in the middle range of 20 EMA & 50 EMA this means stock is in consolidation mode in the short term.
Longer Term Moving Average 200 EMA is around 1220 INR and cmp is 2800 INR. This EMA indicates a longer run very strong technical chart pattern & outlook.If any negative sentimental impact stock will come near 200 EMA this is best buying opportunity.
Strength And Weakness
Strength Of Asian Paints LTD
Asian Paints is one of the leading paint companies in India and has a strong presence in several other countries as well. The company's strength lies in various aspects such as- Brand Equity
- Customer Focus
- Strong Manufacturing Capabilities
- Technological Advancements
- Distribution Network
- Strong Financials
Every company has some weaknesses or areas where it can improve, and Asian Paints is no exception. Here are some weaknesses or areas of improvement for Asian Paints
- High Dependence on Raw Material Imports
- Increasing Competition
- Dependence on the Indian Market
- Limited Focus on Rural Markets
- Limited Range of Eco-Friendly Products
- Limited Range of Eco-Friendly Products
- Dependence on the Indian Market
- Limited Focus on Rural Markets
- Limited Range of Eco-Friendly Products
Competitor
- Berger Paints India
- Kansai Nerolac Paints
- AkzoNobel
- Sherwin-Williams
- Nippon Paints
- PPG Industries
- Dulux
- Shalimar Paints
Conclusion
In this post we have discussed Asian Paints Stock targets for various years such as 2023,2025,2030,2040. We have seen technical details as well as Fundamental analysis of stock.
Asian Paints has been a pioneer in the Indian paint industry for over seven decades. With their innovative products, sustainable practices, and commitment to customer satisfaction, they have become one of the leading paint brands in India and beyond.
Leaders always trade higher price and higher valuation so our expected target is achieved each year easily as per our research.
Anyone can want to safe returns in Asian Paints stock place SIP each month or week as per financial position grab returns more than FD.
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