Shares of Asian Paints continue to rally on Thursday, July 1, 2025, amid heavy volumes. The stock price of the paint company has shrugged off the Competition Commission of India (CCI) probe and touched a two-month high of Rs 2,464 today. The counter started the session in the green, gaining Rs 6.45 to Rs 2426.30 on the BSE. It had closed at Rs 2419.85 in the last trading session. The scrip continued the upward momentum and surged to touch the high of Rs 2464 - a jump of 1.82 per cent. Asian Paints is trading higher for the third straight day, gaining 4.24 per cent during the period.
Technically, the stock trades higher than the 5-day, 20-day, 50-day and 100-day moving averages but lower than the 200-day moving averages.
Similarly, at the NSE, the session started at Rs 2,428.90, compared to the previous close of Rs 2,419.40. It gained further to touch the high of Rs 2,464.40.
Share Price History
According to BSE Analytics, the stock has given a positive return of 43.86 per cent in five years. However, it has corrected around 27 per cent in two years and 16 per cent in one year.
The 52-week high of the stock is Rs 3,394 and was hit on September 16, 2024. The 52-week low of the counter is Rs 2,215 and was hit on March 4, 2025.
Competition Commission of India Orders Probe
The Competition Commission of India (CCI) has ordered an investigation against the firm for allegedly abusing its dominant position in the market for manufacturing and sale of decorative paints.
The direction follows a complaint filed by Grasim Industries (Birla Paints Division), which accused Asian Paints of engaging in exclusionary practices aimed at stifling its entry and growth in the Indian decorative paints segment.
"The Commission is of the opinion that a prima facie case of contravention of the provisions of section 4(2)(a)(i), 4(2)(c) and 4(2)(d) of the Act by the OP (Asian Paints) is made out in the present matter," CCI said in the order on Tuesday.
(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
