Asian Paints Hits 52-Week Low Amid Broader Sector Decline and Bearish Trends

Jan 13 2025 03:05 PM IST
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Asian Paints has hit a new 52-week low, with its stock price reaching Rs. 2255 on January 13, 2025. The company has experienced a notable decline over the past year, down 31.27%, while the broader paints sector has also faced challenges, reflecting a bearish trend in the market.
Asian Paints has reached a new 52-week low, with its stock price hitting Rs. 2255 on January 13, 2025. This decline marks a significant downturn for the company, which has seen its stock fall consecutively over the past two days, resulting in a total decrease of 3.86% during this period. On this day, the stock recorded an intraday low of Rs. 2255, reflecting a drop of 2.79%.

In terms of moving averages, Asian Paints is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The broader paints sector has also experienced a decline, with a decrease of 2.56%. Over the past year, Asian Paints has faced a challenging performance, with a decline of 31.27%, contrasting sharply with the Sensex, which has gained 5.27% during the same timeframe.
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