• Business

    asian paints stock price: Asian Paints stock hits 52-week low. 2 things bothering investors

    Although a favourite of long-term investors for compounding wealth consistently over the last few decades, the stock of has hit a rough patch. The Nifty stock slipped another 3 per cent on Tuesday morning to hit a 52-week low of Rs 2,585.05. The stock is now down over 22 per cent year-to-date (YTD) and 11 per cent in the last one-year period. For investors of Asian Paints, there are two major headaches – rising crude oil prices and ‘s plan to disrupt the paint industry in Jio-style. Crude RealityCrude derivatives roughly form 30-40 per cent of raw material costs for Asian Paints and therefore any rise in crude oil prices…