Asian Paints Share Price Today: The first day of the week could not do anything special for the stock market. A significant decline was seen in both Nifty and Sensex. On the other hand, Asian Paints shares saw a significant fall of about 4% which is the biggest fall within Nifty 50. This slowdown has been a continuation for Asian Paints since Grasim entered the paint business on February 22.

Asian Paints Share Price Today

Recently brokerage firm CLSA has downgraded Asian Paints. CLSA, which had earlier given “Buy” rating to the stock, has now downgraded it to “Sell”.

With this, there has been a significant cut in the target price of Asian Paints which has come down from ₹ 3,215 to ₹ 2,425.

Asian Paints Share Price Today: CLSA’s analysis suggests that Asian Paints may still emerge as the market leader amid the recent turmoil, but it is not guaranteed. However, the brokerage company fears a possible de-rating of Asian Paints, which is expected to return to its 15-year average multiple. As a result, CLSA has adjusted its earnings projections for fiscal years 2025 and 2026, reducing them by 8% and 10%, respectively.

Although Goldman Sachs maintained its “neutral” rating on Asian Paints, it cut its target price to ₹2,850 from ₹3,300. On the contrary, Macquarie has set a price target price of ₹4,000 for Asian Paints while maintaining its “outperform” recommendation.

Of the 37 analysts covering Asian Paints, 16 now have a “sell” or equivalent rating, 12 recommend “hold” and the remaining nine maintain a “buy” rating.