Intraday Performance and Price Movement
Asian Paints Ltd., a key player in the paints sector, underperformed the broader market and its own sector peers during the trading session on 1 Feb 2026. The stock declined by 3.24% over the day, closing near its intraday low, which was recorded at Rs 2,346.35. This intraday low represents a 3.39% fall from the previous close, signalling sustained selling pressure throughout the session.
The stock's performance lagged behind the paints sector, which itself was down by approximately 2.43%, indicating that Asian Paints bore a heavier brunt of the day's negative sentiment. Relative to the Sensex, which fell 1.72% after a sharp reversal from a positive opening, Asian Paints’ decline was more pronounced by 1.52 percentage points, underscoring its vulnerability in the current market environment.
Technical Indicators and Moving Averages
From a technical perspective, Asian Paints is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This broad-based weakness across short, medium, and long-term technical indicators suggests a bearish trend in the stock’s price action. The failure to hold above these moving averages often signals diminished buying interest and increased selling momentum among traders and investors.
The Sensex itself is trading below its 50-day moving average, although the 50-day average remains above the 200-day average, indicating some underlying resilience in the broader market despite the current pullback. Asian Paints’ more severe technical deterioration relative to the benchmark index highlights the stock’s current challenges in regaining upward momentum.
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Market Sentiment and Broader Context
The broader market environment today was characterised by heightened volatility and a sharp reversal in the Sensex. After opening 119.19 points higher, the index plunged by 1,531.99 points, closing at 80,856.98, down 1.72%. This reversal reflects a shift in investor sentiment towards risk aversion amid uncertain macroeconomic or sector-specific factors.
Asian Paints’ sharper decline relative to the Sensex and its sector peers suggests that the stock is facing immediate pressures beyond general market weakness. The paints sector, while also under pressure, declined by a smaller margin, indicating that Asian Paints is experiencing comparatively greater selling interest.
Recent Performance Trends
Examining the stock’s recent performance reveals a consistent pattern of underperformance. Over the past week, Asian Paints has declined by 13.04%, significantly worse than the Sensex’s 0.83% fall. The one-month performance shows a 14.74% drop for Asian Paints versus a 4.51% decline in the Sensex, while the three-month performance gap is narrower but still negative at -6.89% compared to -4.20% for the benchmark.
Year-to-date, the stock has fallen 15.15%, nearly triple the Sensex’s 5.12% decline. Over longer horizons, Asian Paints has lagged the Sensex’s robust gains, with a three-year return of -15.05% against the Sensex’s 35.89%, and a five-year return of -2.38% versus the Sensex’s 74.69%. Even the ten-year performance, while positive at 170.47%, trails the Sensex’s 225.11% gain.
This sustained underperformance highlights the challenges the stock has faced in maintaining investor confidence and price stability amid evolving market conditions.
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Mojo Score and Analyst Ratings
Asian Paints currently holds a Mojo Score of 67.0, which corresponds to a Mojo Grade of Hold. This represents a downgrade from its previous Buy rating, which was revised on 16 Jan 2026. The downgrade reflects a reassessment of the stock’s near-term prospects and risk profile amid recent price weakness and market dynamics.
The company’s Market Cap Grade remains at 1, indicating a relatively modest market capitalisation ranking within its peer group. This grading, combined with the Hold rating, suggests a cautious stance on the stock’s immediate outlook.
Summary of Price Pressure and Market Impact
In summary, Asian Paints Ltd.’s intraday low of Rs 2,346.35 and a day decline of 3.03% underscore the price pressure the stock is currently facing. The broader market’s sharp reversal and the paints sector’s underperformance have compounded the stock’s challenges. Technical indicators confirm a bearish trend, with the stock trading below all major moving averages.
Recent performance metrics reveal a pattern of underperformance relative to the Sensex and sector benchmarks, while the recent downgrade in Mojo Grade to Hold signals tempered expectations from analysts. These factors collectively contribute to the stock’s subdued intraday performance and heightened volatility.
Investors and market participants will be closely monitoring Asian Paints’ price action and sector developments as the stock navigates this period of pressure within a volatile market environment.
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