Asian Paints Share Price : Block Deal Boosts Sentiment – Should You Buy?

Asian Paints Share Price Jumps After ₹1,900 Crore Block Deal — Full Breakdown

Asian Paints Ltd, a household name in India’s home decor and paints segment, found itself in the market spotlight on June 16, 2025, following a massive block deal worth approximately ₹1,876 crore. The transaction involved 85 lakh shares and nudged the asian paints share price higher by nearly 1% during early trade on the Bombay Stock Exchange (BSE).

What Happened in the Block Deal?

On Monday morning, shares of Asian Paints saw a significant movement after 85 lakh shares exchanged hands in a single block deal at an average price of ₹2,201. This massive trade totaled about ₹1,876 crore. Interestingly, this comes just a week after another major deal where Reliance Industries Ltd (RIL) offloaded a 3.6% stake in Asian Paints to SBI Mutual Fund for a whopping ₹7,704 crore.

The earlier stake was held through Siddhant Commercials Ltd, an RIL subsidiary. With this exit, Reliance successfully booked a remarkable return of nearly 23 times its original investment, held for 17 years — a rare long-term wealth creation example.

Asian Paints Share Price Performance

Following the deal, the asian paints ltd share price rose by 0.67% to touch ₹2,229. The stock opened at ₹2,224 and hit an intraday high of ₹2,240, indicating positive sentiment following the high-profile transaction.

Recent Price Trend Snapshot:

• 1 Week: -1.4%
• 1 Month: -5%
• 6 Months: -8%
• 1 Year: -24.2%

Despite today’s rise, the broader trend has been bearish, with the asian paints stock facing consistent selling pressure over the last year.

Technical Picture: What the Charts Say

Technically, Asian Paints stock price is trading below all major Simple Moving Averages (SMAs) — including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This reflects sustained weakness across short-, medium-, and long-term timeframes.

The Relative Strength Index (RSI) sits at 34.0, suggesting the stock is approaching oversold territory. Meanwhile, the MACD indicator stands at -34.4, reinforcing a bearish outlook as it remains below both the signal line and the zero mark.

Key Technical Levels:

• Support: ₹2,200 (block deal base)
• Resistance: ₹2,280 (recent swing high)
• RSI: 34.0
• MACD: Negative and diverging

If the stock can hold above ₹2,200, some technical traders may see this level as a short-term accumulation zone. But broader recovery signs are still awaited.

About Asian Paints

Asian Paints Limited is more than just a paint manufacturer — it's India's largest home decor brand with a legacy spanning over 80 years. The company is a market leader in decorative coatings and has successfully expanded into various home improvement verticals.

Product & Service Portfolio:

• Wall paints, waterproofing, and coatings
• Wall textures, stickers, and coverings
• Modular kitchens and sanitaryware
• Adhesives, mechanized painting tools
• Lighting, furnishings, and uPVC windows

Popular brands under the Asian Paints umbrella include Royale, Apco, Tractor Emulsion, SmartCare, and many others. The brand is widely recognized for its innovation in design and technology-led painting solutions.

Why This Block Deal Matters

So why is this transaction making headlines? It’s not just about the ₹1,900 crore size — it's about the players involved and what it signals to the market.

1. Institutional Confidence: SBI Mutual Fund — India’s largest asset manager — stepping in at scale signals strong institutional belief in the company’s long-term story.
2. Valuation Anchor: The block deal price of ₹2,201 is now being viewed as a possible support level, offering stability to the asian paints share price.
3. Reliance Exit: Reliance’s profitable exit adds confidence in the stock’s historic performance, but it could also create short-term supply pressure.

Should You Buy Asian Paints Now?

From a fundamental perspective, Asian Paints remains a market leader with strong brand value, wide distribution, and innovation across segments. However, the near-term technical setup remains cautious. Traders may wait for a breakout above ₹2,280 with volume confirmation.

For long-term investors, staggered buying or SIP-style accumulation may work better, especially if prices dip below ₹2,200 again. The business quality remains intact — it’s the sentiment that’s going through a cooling phase.

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Disclaimer:

This blog is intended for informational and educational purposes only. It does not constitute investment advice. Please consult a SEBI-registered financial advisor before making any trading or investment decisions. Stock markets are subject to risk.