Asian Paints share price, one of India’s leading paint companies, has witnessed steady growth in its share price over the past year, buoyed by robust financial performance and market demand for its products.

Asian paints share price

Benzinga – Asian Paints (NS: ASPN) share price slumped sharply on Monday morning going down around 4.5% to hit an intraday low of ₹2,847.80

One of the biggest paint manufacturers in India is Asian Paints. The head office of Asian Paints is located in Mumbai, Maharashtra.

The founding of Asian Oil and Paint Company Pvt. Ltd. in 1942 by four friends who would later go on to become a top paint manufacturer in India is the origin of the Asian Paints tale.

The company’s initial plant, which began conducting business in 1958, was situated in Bhandup, Maharashtra.

The company underwent a rebranding in 1965 and adopted its now-iconic moniker, Asian Paints (India) Pvt. Ltd. Asian Paints became the leading paint manufacturer in India in less than two years after changing its name.

Asian Paints’ stock plummeted to 4.63%—the lowest since April 28, 2023—before somewhat recovering to close 4.01% lower at 10:20 a.m. This is in contrast to the NSE Nifty 50 declining by 0.35%.

The stock has dropped 5% since Thursday’s closing. In the past 12 months, the stock has increased by 1.3%. The day’s total traded volume was 1.13 times higher than the 30-day average

Asian Paints is listed in several stock exchanges like BSE, NSE, Calcutta Stock Exchange, Delhi Stock Exchange etc. The company is a part of multiple indices like Nifty 50, Nifty 500, S&P BSE Sensex 50 etc.