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Buy Asian Paints, price target Rs 1,880: Kunal Bothra

The analyst suggested a stoploss at Rs 1818 .

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Last Updated: Mar 05, 2020, 10.13 AM IST
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Asian Paints Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 177437.20 Crore) operating in Building Materials sector.
Kunal Bothra has a buy call on Asian Paints Ltd. with a target price of Rs 1880.0 . The current price of Asian Paints Ltd. is Rs 1870.0 . Kunal Bothra recommended to keep a stoploss at Rs 1818 .

Asian Paints Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 177437.20 Crore) operating in Building Materials sector.

Asian Paints Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes & Black which contributed Rs 14316.13 Crore to Sales Value (98.32 % of Total Sales), Subsidy which contributed Rs 162.36 Crore to Sales Value (1.11 % of Total Sales), Processing Charges which contributed Rs 59.21 Crore to Sales Value (0.40 % of Total Sales), Sale of services which contributed Rs 13.04 Crore to Sales Value (0.08 % of Total Sales) and Scrap which contributed Rs 8.81 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 5420.28 Crore, up 7.32 % from last quarter Sales of Rs 5050.66 Crore and up 2.39 % from last year same quarter Sales of Rs 5293.99 Crore Company has reported net profit after tax of Rs 760.50 Crore in latest quarter.

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