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3Asian Paints Web Traffic
Asian Paints Rank
Latest Asian Paints News
May 24, 2022
The Indian market continued to trade range bound amid volatility as Nifty failed to give any decisive breakout even on Tuesday. Tech Mahindra, Infosys, Hindalco, Hindustan Unilever, Asian Paints, HC Tech, Infosys, Tata Steel were top laggards from these sectors, correcting up to six per cent on Tuesday. Source: PTI The Indian market continued to trade range bound amid volatility as Nifty failed to give any decisive breakout even on Tuesday. Profit booking in IT, FMCG and metal stocks forced the benchmark indices to close in the red for the second day in a row. Tech Mahindra, Infosys, Hindalco, Hindustan Unilever, Asian Paints, HC Tech, Infosys, Tata Steel were top laggards from these sectors, correcting up to six per cent on Tuesday. Nifty remained directionless during the day leading to volatility in the market, said Rupak De, Senior Technical Analyst at LKP Securities. "On the higher end, 16400 is likely to remain a resistance over the near term. Support on the lower end remains at 16000-16020. Going ahead, the volatility may continue over the near term. Any decisive breakout above 16400 may induce a strong directional move in the market," said the expert. Meanwhile, underperforming the benchmark indices, Nifty Midcap and Smallcap declined 0.6% and .12% respectively. Nifty Bank, Auto and Financial indices managed to close in the green even as rising inflation weighed on the domestic equity market. As per, Vinod Nair, Head of Research at Geojit Financial Services, anxiety of slowing economy and rising interest rates underpinned by soaring inflation continued to haunt the global market. "The UK and Eurozone composite PMI registered the slowest rise in business activity in the month of May, worsening global investor risk sentiment," he said. On the domestic front, while all major sectors succumbed to the pressure, the auto sector bucked the market trend this month gaining on fuel price cut and rise in steel custom duty, the expert added. Speaking on the current trend, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said There is no distinct trend in this whipsaw market. "Daily trading for the near-term is fraught with high risk. It would be better for investors to wait for the markets to consolidate," he advised. However, long-term investors can use the volatility to buy high quality stocks available at attractive valuations, the expert said. " Financials, particularly leading banks, are value buys now," he added.
Asian Paints Investments
1 Investments
Asian Paints has made 1 investments. Their latest investment was in White Teak as part of their Corporate Minority on April 4, 2022.
Asian Paints Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
4/1/2022 | Corporate Minority | White Teak | $23.71M | Yes | 2 |
Date | 4/1/2022 |
---|---|
Round | Corporate Minority |
Company | White Teak |
Amount | $23.71M |
New? | Yes |
Co-Investors | |
Sources | 2 |
Asian Paints Acquisitions
6 Acquisitions
Asian Paints acquired 6 companies. Their latest acquisition was WeatherSeal on April 01, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
4/1/2022 | Corporate Majority | 1 | ||||
12/12/2017 | ||||||
12/11/2017 | ||||||
5/15/2014 | ||||||
4/15/2014 |
Date | 4/1/2022 | 12/12/2017 | 12/11/2017 | 5/15/2014 | 4/15/2014 |
---|---|---|---|---|---|
Investment Stage | |||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Corporate Majority | ||||
Sources | 1 |
Asian Paints Partners & Customers
3 Partners and customers
Asian Paints has 3 strategic partners and customers. Asian Paints recently partnered with Ivalua on September 9, 2021.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
9/21/2021 | Vendor | United States | Asian Paints Limited selected Ivalua because of their ability to deploy quickly , support all spend categories , easily integrate with existing ERP systems and meet their unique industry requirements . | 2 | |
6/3/2020 | Partner | ||||
1/24/2011 | Partner |
Date | 9/21/2021 | 6/3/2020 | 1/24/2011 |
---|---|---|---|
Type | Vendor | Partner | Partner |
Business Partner | |||
Country | United States | ||
News Snippet | Asian Paints Limited selected Ivalua because of their ability to deploy quickly , support all spend categories , easily integrate with existing ERP systems and meet their unique industry requirements . | ||
Sources | 2 |
Asian Paints Team
8 Team Members
Asian Paints has 8 team members, including current Chief Executive Officer, Rahul Bhatnagar.
Name | Work History | Title | Status |
---|---|---|---|
Champaklal Choksey | Founder | Current | |
Rahul Bhatnagar | Chief Executive Officer | Current | |
Raj Keeleri | Chief Executive Officer | Current | |
Amit Syngle | Chief Executive Officer | Current | |
Manish Choksi | Chief Information Officer | Current |
Name | Champaklal Choksey | Rahul Bhatnagar | Raj Keeleri | Amit Syngle | Manish Choksi |
---|---|---|---|---|---|
Work History | |||||
Title | Founder | Chief Executive Officer | Chief Executive Officer | Chief Executive Officer | Chief Information Officer |
Status | Current | Current | Current | Current | Current |
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