Asian Paints shares rise nearly 15% in a month; here's why the stock is buzzing on Monday

Shares of Asian Paints surged 14.5% in a month, while they have climbed 2% to their intraday high of ₹2,514.90 apiece on Monday, April 20.

The stock was on investors’ radar after various media reports suggested that paint’s major has hiked prices for the second time this year, ranging from 3% to 5% amid the ongoing geopolitical tensions. The new prices will be effective from May 5, 2026.

In March, Asian Paints implemented its first price hike of the year, raising prices by 6–8%, which came into effect from April.

The company has undertaken a price hike to mitigate higher crude oil prices, as petroleum products are among the key raw materials required to manufacture paints.

Crude oil prices in the global market jumped above $95 per barrel on Monday after President Donald Trump disclosed that the US Navy attacked an Iranian-flagged cargo ship amid the US blockage of the Strait of Hormuz. The West Asian tensions heightened over the United States attacking an Iranian-flagged cargo ship named “Touska” by hitting the vessel and ‘blowing a hole’ in its engine room.

Analysts at Nomura said according to channel checks, this hike takes the cumulative price increase to high single digits to double digits, following the earlier 6–8% hike implemented in April amid continued supply chain disruptions that raised costs of raw materials, packaging, and logistics.

They added that volumes are unlikely to be impacted, while improved realisations are expected to support sales growth and margins. Despite elevated competition, Nomura said pricing discipline appears to remain intact.

Asian Paints share price

At 1:40 PM, Asian Paints shares were trading at ₹2,507.40 apiece on the National Stock Exchange, rising 1.76%. From the beginning of the year, the stock has declined 9%.

The company has a market capitalisation of ₹2.40 lakh crore.

Shares of the company had touched their one-year high of ₹2,985.70 apiece on December 4, 2025, while their 52-week low of ₹2,115 was hit on March 23, 2026.

Asian Paints Q3 earnings

Asian Paints had reported a decline of 4.83% in its net profit to ₹1,073.92 crore in the December quarter on a year-on-year basis on account of exceptional items, such as the implementation of the new labour code and impairment of loss in a subsidiary. The company had logged a net profit of ₹1,128.43 crore during the October-December period a year ago.

Its revenue from operations rose 3.71% to ₹8,867.02 crore in the December quarter of FY26 from ₹8,549.44 crore in the corresponding period a year ago.

Asian Paints had reported exceptional expenses of ₹157.61 crore. It has recognised a one-time expense of ₹63.74 crore towards an increase in the gratuity liability and an impairment loss of ₹93.87 crore on 'Intangibles', recognised in the acquisition of White Teak. Its profit before exceptional items and tax was up 8.46% to ₹1,646.70 crore in the December quarter.