Asian Paints down for 4th straight day; plunges 11% in 2 days on weak Q2

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Asian Paints down for 4th straight day; plunges 11% in 2 days on weak Q2 - Business Standard

Quick Summary:

Analyst at Elara Capital said it anticipate further market share erosion for Asian Paints and believe investors should not catch a falling knife as the industry is going through structural change.

The brokerage firm said it anticipate further market share erosion and believe investors should not catch a falling knife as the industry is going through structural change.

Asian Paints in Q2FY25 conference call did not provide any comfort as regards to recovery in sales growth in the near term.