Asian Paints shares worth ₹7,703 crore change hands in pre-open block window
Published on 12/06/2025 09:05 AM
Asian Paints shares worth ₹7,703 crore change hands in pre-open block windowShares of Asian Paints changed hands at an average price of ₹2,201 per share, taking the total transaction value to ₹7,703 crore.By Hormaz Fatakia June 12, 2025, 9:05:56 AM IST (Updated)2 Min ReadAs many as 3.5 crore shares of Asian Paints Ltd., India's largest paint manufacturer, changed hands in the pre-open block window, according to data available.
Shares changed hands at an average price of ₹2,201 per share, taking the total transaction value to ₹7,703 crore. A total of 3.64% of the company's outstanding equity changed hands in the block deal.
Buyers and sellers in the transaction were not officially known.
India's Mutual Funds have a 5.67% stake in Asian Paints at the end of the March quarter, with ICICI Prudential MF and SBI MF being among the prominent shareholders.
Life Insurance Corporation of India (LIC) has a 8.29% stake in Asian Paints based on the recent shareholding pattern. 11.73 lakh retail or small shareholders, who have an authorised share capital of up to ₹2 lakh, had a 11.84% stake in the company.
Among other public shareholders include Siddhant Commercials Pvt. Ltd., who had a 4.9% stake in the company as of March 31, 2025.
Earlier this week, Asian Paints had received its lowest price target from Morgan Stanley, who became the third brokerage to give the company a price target below the ₹2,000 mark.
Morgan Stanley expects Asian Paints to lead the market share losses over the next three years, having lost 424 basis points worth of market share in the previous financial year, which is much higher than the brokerage's estimates.
In its bear case target, Morgan Stanley has a price target of ₹1,307 for Asian Paints where there would be increased competitive intensity, sluggish volume growth and weak margins.
Out of the 38 analysts that have coverage on Asian Paints, 22 of them now have a "sell" rating on the stock, 10 have a "hold" rating, while only six of them have a "buy" rating on the stock.
Shares of Asian Paints had ended 0.5% lower on Wednesday at ₹2,207.Continue ReadingFirst Published: Jun 12, 2025 8:55 AM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsAsian PaintsAsian Paints share priceblock dealshare market today