Should Investors Be Concerned About Asian Paints’ Recent Leadership Exodus?

https://preview.redd.it/50tz8sq57r7e1.jpg?width=1920&format=pjpg&auto=webp&s=27b9973ba11a997a301b23dc46390ef717e1c05e Asian Paints, through two separate exchange filings, announced the resignation of Vishu Goel, Associate Vice President of Retail Sales, and Shyam Swamy, Vice President of Home Improvement, Decor, and Services. Following these announcements, Asian Paints shares dropped 3.4%, hitting a 52-week low. The stock has broken below a 4-year consolidation range and is now trading near its 61.8% Fibonacci support level at 2250 on the monthly chart. The momentum indicator points to bearish but oversold conditions. Additionally, the valuation metric (EV/EBITDA) is at 2 standard deviations below its 5-year average, indicating that the stock may currently be undervalued. What is your own view on this?