Asian Paints shares surge over 3% to 52-week high; Here’s what is driving the rally

The stock closed at ₹2,958 per equity share, up by 3.15%.

UBS added that the peak of the company’s destruction cycle appears to be over and expects it to grow 12%, which is the 15 year CAGR the company has shown.

It also flagged three scenarios for the Indian paint manufacturer, one in which its competition continues alongside structural moderation, but its margins are not impacted, which could drive its earnings to about 12%. Second, where its growth and margin pressure continue due to intense competition, and third, where competition eases off, and margins improve.

Asian Paints unit to invest ₹340 crore to set up second paint manufacturing facility in UAE

On November 25, Asian Paints said that its subsidiary, Berger Paints Emirates Ltd, proposed setting up its second paint manufacturing facility in the United Arab Emirates (UAE) with an investment of approximately ₹340 crore (or AED 140 million).

More specifically, Berger Paints Emirates Ltd Co, UAE, is a step-down subsidiary of Asian Paints International Private Limited, Singapore, which is a wholly owned subsidiary of Asian Paints.

The proposed paint manufacturing facility will have an initial capacity of 55,800 kilolitre (KL) per annum, the company said in a regulatory filing.

Furthermore, the facility will be spread across 100,000 square metres within the Khalifa Economic Zones Abu Dhabi (KEZAD), Abu Dhabi, UAE, it added.

The Board of Control for Cricket in India (BCCI) said that it signed a ₹45 crore three-year deal with Asian Paints, which will cover 110 home matches in men’s, women’s and domestic cricket on the same day.

Asian Paints has a total market capitalisation of ₹2.84 lakh crore, as of December 2, 2025, according to data on the NSE.