Asian Paints Stock Slides 7% from April Highs ahead of 45% YoY Profit Drop in Q4

reported a 45% YoY decline in Q4 net profit to ₹692 crore, impacting investor sentiment. Despite declaring a ₹20.55 per share dividend, the stock is trading in red, extending its losing streak to a third straight day. Currently, prices are down over 7% from the April high and approximately 32% from the 52-week high. The 2385–2195 zone may act as a key resistance on any pullback, while immediate support levels are seen around 2200 and 2125. Weak earnings and continued downside pressure suggest a cautious outlook in the near term. Disclaimer: This post is for informational purposes only and does not constitute investment advice.