Wednesday, October 20, 2021
Home Business Buy Asian Paints, target price Rs 3600: Chandan Taparia

Buy Asian Paints, target price Rs 3600: Chandan Taparia


Chandan Taparia of Motilal Oswal has buy call on Ltd. with a target price of Rs 3600. The current market price of Asian Paints Ltd. is Rs 3443.6.

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.

Financials
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.

Investment Rationale
Major trend is positive and given a consolidation breakout with a hold above 3,370 zones.


Promoter/FII Holdings
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.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.



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