Expectations from Asian Paints post Q2 FY 25

11월 10일

Consolidated revenue stands at 8201 crores -5.12 % YOY and -10.13% QOQ

Consolidated earning at 693 crores -43 % YOY, -41% QOQ

Standalone revenue stands at 7050 crores -6 % YOY and -13% QOQ

Standalne earning 602 crores -48 % YOY, -49% QOQ

Personal View::
Not thinking of 48% decrease in share price to 1441 from 2772 (the traded price post Q1 FY 25, on 15 july 24).

The stock is bearish since sept 16 2024.
Expecting 2440-2525 to hold if coming week bearish momentum continue.

If open gap down below 2673 , -3.5% from last traded price ,possibility of downside move to 2525-2400 in the coming week