Asian Paints stock is in news suddenly after a report claimed that Mukhesh Ambani led Reliance Industries is going to stake their entire stake in the paint company. It may give around 2000% to Reliance if the deal competes as claimed in the Economic Times report. Reliance bought Asian Paints stake in 2008 for around Rs 500 crore. That stake is now Rs 10730 crore as per Asian Paints current closing price. If sold at this price it can give profit to Reliance Industries up to 2046%. Reliance Shares In Asian Paints Reliance has 4.9% stake in Asian Paints. The paint maker is going through various challenges facing huge competition from new entrants and also other challenges. In 2020 also Reliance was discussing with banks for a potential sale of its 4.9% stake in Asian Paints according to a Bloomberg report. Now again Reliance Industries is thinking of selling its 4.9% stake in Asian Paints and has engaged Bank of America (BofA) to take this transaction ahead. Asian Paints Shares Price Asian Paints shares are under selling pressure during recent times. The company is facing competition in the paints segment which can affect their current spot. In one year Asian Paints stock went down by 18%.  It has not given much returns to its investors in the last two to three years. The stock declined by 26.50% in two years and 25% in three years. Asian Paints market share fell to 52% from 59% in the year ending on March 31. Performance worries for Asian Paints continue siad brokerage Motilal Oswal after earnings for the company were announced. It  maintained a ‘Neutral’ rating on Asian Paints stock with a target price of Rs 2500.