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Buy Asian Paints, price target Rs 1,805: Chandan Taparia

The analyst suggested a stoploss at Rs 1705

ETMarkets.com|
Updated: Dec 03, 2019, 08.59 AM IST
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Chandan Taparia of Motilal Oswal Securities has a buy call on Asian Paints Ltd. with a target price of Rs 1805. The current price of Asian Paints Ltd. is Rs 1738.3. Time period given by the analyst is Intra Day when Asian Paints Ltd. price can reach the defined target.. Chandan Taparia recommended to keep a stoploss at Rs 1705.

Asian Paints Ltd., incorporated in 1945, has a market cap of Rs 166737.35 crore. 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 8.87 % from last year same quarter Sales of Rs 4639.05 Crore Company has reported net profit after tax of Rs 826.76 Crore in latest quarter.

The company’s top management includes Dr.S Sivaram, Mr.Abhay Vakil, Mr.Ashwin Dani, Mr.Deepak Satwalekar, Mr.Jigish Choksi, Mr.K B S Anand, Mr.M K Sharma, Mr.Malav Dani, Mr.Manish Choksi, Mr.R Seshasayee, Mr.S Ramadorai, Mr.Suresh Narayanan, Mrs.Pallavi Shroff, Mrs.Vibha Paul Rishi, Ms.Amrita Vakil. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 30-09-2019, the company has a total of 959,197,790 shares outstanding.

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