InvestorQ : Why has Asian Paints been falling consistently in the market in the last few days?
prachi Patwardhan made post

Why has Asian Paints been falling consistently in the market in the last few days?

Answer
image
8 months ago
Follow

Asian Paints has been on a downtrend for nearly two weeks on fears of demand destruction in near term due to Coronavirus and the continued shutdown. The stock is down nearly 20% in the last 2 weeks, when the Nifty has almost been flat. The marginal gains in paint demand in Jan-Feb were offset by weak sales in March. April is likely to be a zero month for APIL. Most consumers are expected to push back re-painting activities given the slowdown. APIL has also increased cash discounts by 3.5% and is likely to pressure margins.

0 Views