ASIANPAINT - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.0
| Stock Code | ASIANPAINT | Market Cap | 2,33,391 Cr. | Current Price | 2,432 ₹ | High / Low | 2,986 ₹ |
| Stock P/E | 58.1 | Book Value | 199 ₹ | Dividend Yield | 1.02 % | ROCE | 27.3 % |
| ROE | 20.7 % | Face Value | 1.00 ₹ | DMA 50 | 2,399 ₹ | DMA 200 | 2,486 ₹ |
| Chg in FII Hold | -0.67 % | Chg in DII Hold | 0.66 % | PAT Qtr | 1,146 Cr. | PAT Prev Qtr | 956 Cr. |
| RSI | 53.8 | MACD | 42.0 | Volume | 3,46,674 | Avg Vol 1Wk | 6,23,562 |
| Low price | 2,115 ₹ | High price | 2,986 ₹ | PEG Ratio | 8.21 | Debt to equity | 0.08 |
| 52w Index | 36.4 % | Qtr Profit Var | 3.80 % | EPS | 39.4 ₹ | Industry PE | 36.5 |
📊 ASIANPAINT shows a moderately strong intraday setup. RSI at 53.8 indicates neutral-to-bullish momentum, while MACD at 42.0 confirms upward bias. Current price (₹2,432) is above the 50 DMA (₹2,399) but slightly below the 200 DMA (₹2,486), suggesting short-term strength with medium-term resistance. Volume (3,46,674) is below the weekly average (6,23,562), which may limit sharp intraday moves.
- ✅ Optimal Buy Price: ₹2,420–₹2,440 (near support)
- 📈 Profit-Taking Levels: ₹2,470, ₹2,500
- ⚠️ Stop-Loss: ₹2,400
⏱️ If already holding, consider exiting intraday if price slips below ₹2,410 with weakening momentum or if RSI falls under 50. A breakout above ₹2,470 with strong volume can be held for extended gains.
Positive
- Strong ROCE (27.3%) and ROE (20.7%) reflect efficient capital use.
- EPS at ₹39.4 supports earnings visibility.
- Quarterly PAT improved from ₹956 Cr. to ₹1,146 Cr.
- DII holdings increased by 0.66%, showing domestic institutional confidence.
Limitation
- High P/E (58.1) compared to industry average (36.5), indicating overvaluation.
- PEG ratio of 8.21 suggests expensive growth prospects.
- Volume below weekly average limits intraday volatility.
Company Negative News
- No major external news reported, but FII holdings decreased by 0.67%.
Company Positive News
- Quarterly profit variation of 3.8% highlights steady performance.
- 52-week index at 36.4% shows resilience compared to lows.
Industry
- Industry P/E at 36.5 shows sector is moderately valued.
- ASIANPAINT trades at a steep premium, reflecting strong brand and growth expectations.
Conclusion
📌 ASIANPAINT is a good candidate for intraday trading with bullish bias supported by RSI, MACD, and price above the 50 DMA. Traders should buy near ₹2,420–₹2,440 and aim for exits around ₹2,470–₹2,500, while protecting downside at ₹2,400. Momentum indicators suggest cautious optimism, but high valuation and weaker volume require disciplined risk management.