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Asian Paints is an iconic Indian company that was established way back in 1942. At the time, it was known by the name Asian Oil and Paint Company Pvt. Ltd.
Asian Paints became a publicly traded company in 1973. The Asian Paints stock price has grown by more than ₹2900 since 1st January 1999. But does that mean you should invest in it? Let’s find out.
1. Stock Name: Asian Paints Ltd (ASIANPAINT)
2. Share Price: ₹2,976.00*
3. Market Cap: ₹285,361 crores ($38.42 billion)
4. Dividend Yield: 0.60
5. Beta: 0.69
6. 52 Week Low: ₹1,795.50
7. 52 Week High: ₹3,179.50
Fun Fact: Asian Paints is the 14th largest company in India by market cap ($38.42 billion). That’s better than US companies like HP, Palo Alto Networks, and Equifax.
At the time of writing this blog (August 2021), ASIANPAINT is trading at ₹2,976.00 and has a market capitalization of ₹285,361 crores. The stock is close to its all-time high of ₹3,179.50.
Furthermore, ASIANPAINT stock has grown by more than 60% over the past year. This basically means that if you had invested ₹1,00,000 in August 2020, your investment’s value would be ₹1,61,723 in August 2021.
Asian Paints has revealed a 2x growth in total income year-on-year for the quarter ending on June 30th 2021. However, quarter-on-quarter income has gone down by approximately ₹1,000 crores.
As you can see, these factors are not enough to determine whether you should buy Asian Paints stock. It would depend on the type of investor you are and the health of your current portfolio.
It’s important to ask this question before investing your hard-earned money even if it is a blue-chip stock like Asian Paints. After all, it may be prone to volatility in the short to medium term.
There are trained Wealth Coaches who can help you find out if you should add Asian Paints stock to your portfolio. Your risk profile, investment goals will play a crucial role in determining stock allocation.
The other, relatively less volatile route would be to invest in mutual funds that hold Asian Paints stock. In fact, apps like Cube gives you access to curated mutual funds that have invested in Asian Paints. You can consult a Cube wealth coach or download the Cube wealth app.
Broadly speaking, Indian investors can access Asian Paints stock in 3 ways, each varying based on the investor’s risk appetite and goals.
Asian Paints is a blue-chip stock so several top mutual funds from the large-cap, flexi-cap, and blue-chip fund categories invest in it. You can access one of these top mutual funds using Cube.
All mutual funds on the Cube Wealth app are handpicked by Wealth First who have a track record of beating Nifty by ~50% over the past decade.
There are Investment Advisors (IAs) like Purnartha and PMS entities like Marcellus or Ambit Capital that can help you figure out if you should invest in Asian Paints stock.
An investment advisor recommends stocks that can fit your goals and risk profile while a Portfolio Management Service (PMS) offers more flexibility and services with a money manager at the helm.
Cube’s newest equity partner will be revealed soon. Stay tuned to know more. Or, if you’re in the mood for a riddle, solve this to figure it out:
I put all your eggs in different bags and each bag is handled with care. If you look between a backpack & and a suitcase, you'll see that I'm right there.
Watch this video to know more about Indian stock advice by Purnartha on Cube
Blue-chip company Asian Paints’ (ticker: ASIANPAINT) stock price as of 16-08-2021 is ₹2,976.00 with a market capitalization of ₹285,361 crores ($38.42 billion).
Asian Paints is a blue-chip company whose stock has grown by over ₹2900 since January 1999. However, it’s a direct stock which means it is prone to volatility and may not be suitable for everyone.
Thus, you must consult a Wealth Coach to know if you should invest in Asian Paints stocks.
The stock price of companies like Asian Paints are generally known to be swayed by investor behaviour, financials, P/E, EPS, and several other factors. There's never a clear answer to whether a stock will go up for sure.
That's why retail investors prefer to buy stocks with solid stock advice from industry experts like Purnartha or through a mutual fund like Axis Focused 25 Fund.
Asian Paints is a blue-chip company which is known to have sound financials and a decades old track record of delivering consistently. However, the future of a stock like Asian Paints will rest on the company's balance sheet, management, investor behaviour, and several other factors.
Note:
All information mentioned is for educational purposes and relies on publicly available information. None of the information shared here is to be construed as investment advice. We strongly recommend you consult a Cube Wealth coach before investing your money in any stock, mutual fund. PMS or alternative asset.
In essence, investing in Asian Paints stocks can be a promising venture, provided you approach it with a well-informed, diversified, and long-term perspective. Remember that investing in individual stocks carries inherent risks, so make choices that are in line with your risk tolerance and financial aspirations.
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