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Buy Asian Paints, price target Rs 1860: Kunal Bothra

The analyst suggested a stop loss at Rs 1797.

Last Updated: Jan 15, 2020, 10.05 AM IST
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Independent Analyst Kunal Bothra has a buy call on Asian Paints Ltd. with a target price of Rs 1860. The current price of Asian Paints Ltd. is Rs 1834.4. Time period given by the analyst is Intra Day when Asian Paints Ltd. price can reach defined target. Kunal Bothra recommended to keep a stop loss at Rs 1797.

Asian Paints Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 174434.91 Crore) operating in Building Materials sector.

Asian Paints Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes & Black which contributed Rs 16196.87 Crore to Sales Value (98.81 % of Total Sales), Other Operating Revenue which contributed Rs 182.34 Crore to Sales Value (1.11 % of Total Sales) and Sale of services which contributed Rs 12.57 Crore to Sales Value (0.07 % of Total Sales) for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 5050.66 Crore, down 1.56 % from last quarter sales of Rs 5130.63 Crore and up 9.43 % from last year same quarter sales of Rs 4615.49 Crore. Company has reported net profit after tax of Rs 826.76 Crore in latest quarter.

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