🎨 Asian Paints Ltd (CMP ₹2,603 | +4.7%)

Sector: Consumer Durables – Paints & Coatings Technical View:

has broken out from the ₹2,520 resistance zone with rising volumes and EMA crossover confirmation. RSI 69 shows healthy momentum but close to overbought. Sustaining above ₹2,560 can lead to a rally towards ₹2,700 – ₹2,750. Support is seen at ₹2,500. Short-term structure remains positive with improving breadth and strong follow-through candles. Fundamental View: Despite raw-material inflation, margins held firm at ~20% in FY24. Decorative paints, industrial coatings, and international businesses continue to grow. Asian Paints’ premium segment and waterproofing products are boosting profitability. Management’s focus on capacity expansion and brand leadership sustains its moat. Analyst Rating: Analysts maintain BUY with a target of ₹2,850 (≈9% upside) and stop-loss ₹2,500. Institutional outlook remains positive, highlighting steady demand recovery and margin normalization in FY25.