A few investment propositions have the potential to lure both novice and experienced investors. Asian Paints is one of them.
There are various variables that have sparked a lot of interest and discussion about Asian Paints. Realtors in India and abroad, as well as certain Indian media, have contributed to the stock`s escalated popularity.
The share market has been steadily rising for close to two decades, which can be considered a green signal for long-term investors. For instance, in 2008, the Asian Paints stock was under ₹100, whereas towards the close of 2020, the value surpassed ₹2,700. Today it is worth slightly more than ₹3000 and the price trend is still continuing with its upward trajectory.
If we have to believe the numbers, the stock still holds the potential to continue with its upward trajectory. Let`s dig a little further to know more about Asian Paints` share price history and present scenario.
Asian Paints Share Price NSE
Live Asian Paints share price NSE India is Rs. 3,136.60
BSE Live Asian Paints Stock Price: 3,135.00
Asian Paints Limited is an India-based MNC headquartered in Mumbai, Maharashtra. The organization caters to the production, selling, and distribution of paints, coatings, bath fittings, and as well as offering correlated services.
Asian Paints is the largest paint company in India and the third-largest in Asia. In the fiscal year 2019-20, the company made a profit of Rs 2,654 crores and earned revenue of Rs 17,194.1 crores. The company`s production operations span 15 nations, including India and it has a huge foothold in both the Indian subcontinent together with the Middle East.
Champaklal Choksey, Chimanlal Choksi, Suryakant Dani, and Arvind Vakil founded the company at a garage in Gaiwadi, Mumbai.
In 1952, Asian Paints recorded revenue of ₹23 crores, but with a PBT margin of barely 2%. By 1967, it established itself as the country`s biggest paint manufacturer.
The four families owned the majority of the company`s stock. However, when the corporation grew beyond India in the 1990s, issues over global rights arose. Choksey sold his 13.7 percent stake and exited in 1997 as a result of the conflict. Champaklal passed away in July 1997, which resulted in Atul (his son) taking over his command.
Choksey`s sold shares were collectively bought back by the three partners and Unit Trust of India. This took place with multiple failed partnership conversations with the British corporation Imperial Chemical Industries. Choksi, Dani, and Vakil own 47.81 percent of the company`s share as of 2008.
The following tabular data confer the management team of Asian Paints. Refer to the table to know the key pillars from Chairman, CEO, CFO to Board of Directors & Key Executives.
To determine the company’s growth in the last ten years, we have encapsulated compounded sales and profit growth along with the stock price CAGR in tabular format. It will help you to take your final call about investing in Asian Paint shares.
Note: TTM Revenue denotes the overall revenue of the company earned over the trailing twelve months.
The following table determines the basics of Asian Paints:
Asian Paint Limited is listed on the following stock exchange:
Along with the historical trends, understanding the forecast is equally important. If you are willing to make long-term investments in Asian Paint shares, understand the stock price forecast for 2023 and 2024.
Asian Paints Stock Price Forecast (2024)
Are you a newbie to the stock market and scrolling the internet to get the right answers to the question, "Should I invest in Asian Paints stock?" "Should I trade "500820" stock today?” Don’t explore further, in this blog, you will get all the answers to your burning question. As per the stock market analysis, Asian Paints Ltd. shares are good for long-term investments.
If you have planned to invest in stocks that can offer good returns in the time frame of almost a year, pin your hopes on Asian Paints shares. From 2008 to today, the share prices of Asian Paints have escalated from Rs 100 to Rs 3100, which is a commendable growth. Indeed, this figure says it all.
Based on figures, still, there is room for significant growth in the long term. The Asian Paints Ltd. forecast reveals that by 2027 the value of share price can shoot up to Rs. 6622.470.
As per recent stock analysis, Asian Paints is going to introduce a positive trend in the upcoming time, which will result in making Asian Paints Ltd. shares a worthwhile investment.
Regardless of the fact that you are a novice, seasoned or long-term investor, Asian Paints share price turns out to be a worthwhile investment. With time, the venture has pleasantly surprised the investors with a constant escalation of the upward trends. With a huge jump from minimal at Rs. 100 to Rs. 3000, Asian Paints has emerged as one of the safest investments. Without any second thoughts, invest in Asian Paints and reap fruitful benefits in the foreseeable future.
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