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India's Asian Paints set for worst week in nearly 5 months

ReutersMay 9, 2025 8:52 AM

Shares of Asian Paints ASPN.NS down 0.5% at 2292 rupees

For the week, ASNP is down 4.5%, set for its worst weekly fall since mid-December, if losses hold

ASPN said on Thursday demand conditions were at their worst in decades, unlikely to improve in near term

Co missed estimates for fourth-quarter profit and reported a drop in sales

Management indicated double-digit volume growth for FY26 looks highly unlikely, we see challenges of muted demand compounded by entry of new players - Investec

ASPN up 1% in 2025 vs a 1.5% rise in Nifty 50 .NSEI

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