Asian Paints’ shares have been on a roller coaster in early August, mirroring market sentiment over its antitrust case and the proposed JSW–Akzo deal.
On August 5, the stock slipped 0.48% to ₹2,437.90, underperforming the broader market. A day later, it surged 2.19% to ₹2,491.30 after updates from its High Court hearing, and on August 7, it added another 0.59% to close at ₹2,506.10.
Brokers say the legal battle, coupled with rising competition, will likely keep the stock volatile in the near term. “Investors are watching every headline in this space,” said a Mumbai trader.