Asian Paints share price hits 52-week high on strong Q2 results & 450% dividend announcement — Buy, sell or hold?

Asian Paints Share Price: Asian Paints Ltd shares rose over 4.5 per cent on Wednesday on the BSE after the company posted strong September quarter results for FY26 and announced an interim dividend.

The stock touched a new 52-week high of Rs 2,898.20 during the session, supported by positive brokerage updates following the earnings report.

Asian Paints Q2FY26 Results

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The paint major reported a 46.8 per cent year-on-year rise in consolidated net profit to Rs 1,018.23 crore for the July–September quarter, compared with Rs 693.66 crore in the same period last year.

Revenue from operations increased 6.38 per cent to Rs 8,513.70 crore, up from Rs 8,003.02 crore in Q2FY25, according to its regulatory filing.

Asian Paints Interim Dividend

Alongside the quarterly results, Asian Paints’ board approved an interim dividend of Rs 4.50 per equity share (face value Rs 1 each) for FY26. The company will announce the record date separately for determining shareholders eligible for the payout.

In the first half of FY26, Asian Paints’ total consolidated income stood at Rs 17,861.25 crore, marking a 3.08 per cent year-on-year increase.

Asian Paints Share Price Target

Brokerages largely welcomed the strong quarterly performance, citing market share gains and resilient domestic demand. JP Morgan upgraded Asian Paints to “Overweight” from “Neutral”, raising its target price to Rs 3,200 from Rs 2,500.

Jefferies maintained a “Buy” rating and lifted its target to Rs 3,300 from Rs 2,900, highlighting double-digit volume growth and market share gains as key positives.

HSBC also retained a “Buy” rating, increasing its target to Rs 3,050 from Rs 2,800, citing broad-based recovery and margin improvement.

Goldman Sachs, however, maintained a “Sell” rating with a target of Rs 2,500, cautioning that sustaining growth in the second half could be challenging due to competitive pressures.

Morgan Stanley remained “Underweight”, raising its target to Rs 2,194 from Rs 1,909.