Business & Investment

D-Bullish with Asian Paint to raise target price after Q3 results

Mumbai: Most brokerage firms Asian paint After the company reported that its consolidated profit for the quarter ended in December 2020 increased by 62.3% to reach Rs 1,265.4. stock Asian Paints fell 4.22% on Friday’s profit recording.

Morgan Stanley We maintained the overestimation and raised the target price from 2,300 rupees to 3,000 rupees. HSBC While maintaining the purchase recommendation, we raised the target price from 3,000 rupees to 3,150 rupees. CLSA Maintains an outperform rating with a target price of Rs 2,950.

CLSA said Asian Paints was the preferred choice for the discretionary segment given the structural opportunities.

ET bureau

“We continue to see the Asian Paint initiative by expanding our presence in the value segment and expanding our ability to create new segments to help us gain distribution, service capabilities and market share,” CLSA said. Stated.

According to HSBC, the current price of Asian Paints will bring long-term revenue growth of 15-16%. This is achievable given the structural growth in this category and is underpinned by strong short-term earnings growth momentum.

IDBI Capital has lowered its share price in response to the recent rise in the share price of Asian Paints.



D-Bullish with Asian Paint to raise target price after Q3 results

https://economictimes.indiatimes.com/markets/stocks/news/d-street-bullish-on-asian-paints-after-q3-results-raise-target-price/articleshow/80417975.cms D-Bullish with Asian Paint to raise target price after Q3 results

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