Asian Paints . Stock Price Declines by -3.49% on May 9th, 2024

Asian Paints ., one of the leading paint companies in India, has seen a decline in its stock price by -3.49% on May 9th, 2024. This drop in stock price has been attributed to the overall performance of the sector, with the stock performing in line with its peers.

The stock has been on a downward trend for the past three days, with a consecutive fall of -4.89% during this period. On May 9th, the stock touched an intraday low of Rs. 2759.55, which is also its new 52-week low.

Asian Paints . is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the stock. However, it is important to note that the stock's performance is in line with the overall market trend, with the Sensex also experiencing a decline of -1.09% on the same day.

MarketsMOJO, a leading stock analysis platform, has given a 'Hold' call for Asian Paints ., suggesting that investors should hold onto their current positions in the stock. This recommendation is based on the fact that the stock has been underperforming in the past month, with a decline of -3.94%, compared to the Sensex's decline of -2.70%.

Overall, while Asian Paints . has seen a decline in its stock price, it is important to note that this is in line with the overall market trend and the stock's performance is still considered to be in a 'Hold' position by experts. Investors should continue to monitor the stock's performance and make informed decisions based on their own risk appetite.