Asian Paints down 3%, hits 52-week low on margin, demand concerns

The geopolitical situation is threatening to further worsen inflation across key commodities

Shares of Asian Paints hit a 52-week low of Rs 2,585 as they fell 3 per cent on the BSE in Tuesday's intra-day deal on margin concerns due to rising inflation. The stock of India's largest decorative paint company has fallen below its previous low of Rs 2,601, touched on March 7, 2022.

In the past one month, the stock price of Asian Paints has declined 15 per cent after Grasim Industries announced doubling of capital expenditure (capex) to Rs 10,000 crore for its foray into the paints business. The Aditya Birla Group firm expects to start production from