India's Asian Paints set for longest weekly losing run in 2025

Asian Paints

13/06/2025 10:08

** Asian Paints ASPN.NS set for fourth straight weekly fall, longest losing run in 2025

** Set to slip 1.6% this week

** India's biggest paintmaker is grappling with rising competition, customer spending cutbacks

** Earlier in the week, Morgan Stanley said it expects co to lose 209 bps of market share over FY25-28

** Investec said dealer addition pace has "slowed down materially"; keeps "sell" call

** "For the first time in its annual report, Asian Paints acknowledged heightened competition ... is posing challenges" - Investec

** On Thursday, Mukesh Ambani's Reliance RELI.NS cut stake in co, selling shares at a discount

** ASPN the only major paintmaker stock which is rated "sell" on an avg - data compiled by LSEG

** YTD stock down 3% while benchmark Nifty .NSEI up ~5%

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))