Time period given by analyst is Intra Day when Asian Paints Ltd. price can reach defined target.
Asian Paints Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 330788.95 Crore) operating in Building Materials sector.
Asian Paints Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes & Black, Other Operating Revenue and Sale of services for the year ending 31-Mar-2021.
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 5674.97 Crore, down -15.64 % from last quarter Total Income of Rs 6726.84 Crore and up 91.09 % from last year same quarter Total Income of Rs 2969.75 Crore. Company reported net profit after tax of Rs 576.82 Crore in latest quarter.
Major trend is positive and given a consolidation breakout with a hold above 3,370 zones.
Promoters held 52.8 per cent stake in the company as of March 31, 2021, while FIIs held 20.7 per cent, DIIs 7 per cent and public and others 19.5 per cent.
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