ASIANPAINT - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.0
| Stock Code | ASIANPAINT | Market Cap | 2,09,630 Cr. | Current Price | 2,186 ₹ | High / Low | 2,986 ₹ |
| Stock P/E | 52.2 | Book Value | 199 ₹ | Dividend Yield | 1.13 % | ROCE | 27.3 % |
| ROE | 20.7 % | Face Value | 1.00 ₹ | DMA 50 | 2,420 ₹ | DMA 200 | 2,527 ₹ |
| Chg in FII Hold | 1.14 % | Chg in DII Hold | -0.42 % | PAT Qtr | 1,146 Cr. | PAT Prev Qtr | 956 Cr. |
| RSI | 32.6 | MACD | -69.5 | Volume | 9,57,219 | Avg Vol 1Wk | 9,81,118 |
| Low price | 2,163 ₹ | High price | 2,986 ₹ | PEG Ratio | 7.38 | Debt to equity | 0.08 |
| 52w Index | 2.84 % | Qtr Profit Var | 3.80 % | EPS | 39.4 ₹ | Industry PE | 30.9 |
📊 ASIANPAINT shows weak technicals despite strong fundamentals. RSI at 32.6 indicates oversold conditions, while MACD remains sharply negative (-69.5), suggesting bearish sentiment. Current price (2,186 ₹) is well below both 50 DMA (2,420 ₹) and 200 DMA (2,527 ₹), reflecting short-term weakness. Intraday volume (9.57L) is slightly below the 1-week average (9.81L), showing stable but limited participation.
💡 Optimal Buy Price: 2,170–2,190 ₹ (near support zone)
🎯 Profit-Taking Levels: 2,240–2,280 ₹ (short-term resistance)
🛑 Stop-Loss: 2,150 ₹ (recent low)
⏱️ If already holding: Exit near 2,240–2,260 ₹ if momentum stalls or volume weakens, as upside is capped by resistance and negative MACD.
Positive
- Strong ROCE (27.3%) and ROE (20.7%) highlight efficient capital use.
- EPS of 39.4 ₹ supports profitability.
- Quarterly PAT improved (1,146 Cr vs 956 Cr), showing earnings growth.
- FII holdings increased by 1.14%, reflecting foreign investor confidence.
- Dividend yield of 1.13% provides steady shareholder returns.
Limitation
- Stock trading below both 50 DMA and 200 DMA confirms bearish trend.
- Extremely high P/E of 52.2 compared to industry PE (30.9), indicating overvaluation.
- PEG ratio of 7.38 suggests stretched valuation relative to growth.
- DII holdings decreased by 0.42%, showing reduced domestic investor confidence.
Company Negative News
- No major external negative news reported, but high valuation and technical weakness remain concerns.
Company Positive News
- Quarterly profit variance up 3.8%, showing steady earnings momentum.
- FII inflows highlight foreign investor support.
Industry
- Industry PE at 30.9 is much lower than company PE (52.2), suggesting ASIANPAINT trades at a steep premium.
- Paints and coatings sector remains resilient with strong demand outlook.
Conclusion
⚖️ ASIANPAINT is fundamentally strong but technically weak for intraday trades today. Entry near 2,170–2,190 ₹ with a stop-loss at 2,150 ₹ is advisable only for cautious traders. Upside potential is limited to 2,240–2,280 ₹, making it a moderate-risk intraday candidate rather than a strong buy.