Asian Paints shares in focus as ICICI Prudential buys stake worth Rs 1,876 crore from Reliance

Reliance has been gradually offloading its long-held stake in Asian Paints, earning nearly 23x returns over 17 years. Despite institutional interest, the stock has declined over 20% in a year, weighed down by weak earnings. Asian Paints reported a 45% drop in Q4 net profit, and analysts remain bearish, with technical indicators pointing to continued downside.