ASIANPAINT - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 2.8
| Stock Code | ASIANPAINT | Market Cap | 2,35,229 Cr. | Current Price | 2,453 ₹ | High / Low | 2,986 ₹ |
| Stock P/E | 58.5 | Book Value | 199 ₹ | Dividend Yield | 1.01 % | ROCE | 27.3 % |
| ROE | 20.7 % | Face Value | 1.00 ₹ | DMA 50 | 2,671 ₹ | DMA 200 | 2,595 ₹ |
| Chg in FII Hold | 1.14 % | Chg in DII Hold | -0.42 % | PAT Qtr | 1,146 Cr. | PAT Prev Qtr | 956 Cr. |
| RSI | 33.9 | MACD | -102 | Volume | 10,10,494 | Avg Vol 1Wk | 18,44,149 |
| Low price | 2,125 ₹ | High price | 2,986 ₹ | PEG Ratio | 8.28 | Debt to equity | 0.08 |
| 52w Index | 38.1 % | Qtr Profit Var | 3.80 % | EPS | 39.4 ₹ | Industry PE | 34.2 |
📊 Analysis: ASIANPAINT is trading at ₹2,453, below both its 50 DMA (₹2,671) and 200 DMA (₹2,595), reflecting short-term weakness. RSI at 33.9 indicates oversold conditions, while MACD (-102) shows strong bearish momentum. Intraday volume (10.1 lakh) is lower than the weekly average (18.4 lakh), suggesting reduced participation. Fundamentals remain strong with ROCE (27.3%) and ROE (20.7%), but valuation is stretched (P/E 58.5 vs industry 34.2, PEG 8.28). Despite decent earnings growth (+3.8% quarterly PAT variation), technical weakness limits intraday potential.
💡 Optimal Buy Price: ₹2,440–2,450 if price consolidates near support.
🎯 Profit-Taking Levels: ₹2,480–2,500 (short-term resistance zone).
🛡️ Stop-Loss: ₹2,420 to protect against downside risk.
⏱️ Exit Strategy (if already holding): Exit if price fails to sustain above ₹2,480 with strong volume. Weak intraday momentum suggests booking profits early rather than holding for extended moves.
Positive
- Strong ROCE (27.3%) and ROE (20.7%) highlight efficient capital use.
- EPS of ₹39.4 supports earnings visibility.
- Quarterly PAT growth from ₹956 Cr. to ₹1,146 Cr. (+3.8%).
- FII holding increased by 1.14%, showing foreign investor confidence.
- Debt-to-equity ratio of 0.08 indicates low leverage risk.
Limitation
- Trading below both 50 DMA and 200 DMA, showing bearish trend.
- High P/E (58.5) compared to industry average (34.2).
- PEG ratio of 8.28 indicates overvaluation relative to growth.
- MACD strongly bearish (-102), signaling downward momentum.
- Intraday volume below average, limiting momentum trades.
Company Negative News
- No major negative news reported, but stretched valuations and weak technical indicators raise caution.
Company Positive News
- Quarterly profit growth supports earnings momentum.
- FII inflows indicate foreign investor confidence.
Industry
- Industry P/E at 34.2 indicates sector is moderately valued compared to ASIANPAINT’s higher valuation.
- Paints and coatings sector benefiting from housing demand and infrastructure expansion.
Conclusion
⚖️ ASIANPAINT shows strong fundamentals but weak intraday momentum and stretched valuations. It is a cautious candidate for intraday trading with entry near ₹2,440–2,450 and profit-taking around ₹2,480–2,500. Traders should closely monitor volume and momentum indicators before committing to positions.