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Sell Asian Paints, price target Rs 1,720: CK Narayan

The analyst suggested a stoploss at Rs 1775.

ETMarkets.com|
Last Updated: Jan 06, 2020, 10.18 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 168017.88 Crore) operating in Building Materials sector.
CK Narayan of Chart Advise has a sell call on Asian Paints Ltd. with a target price of Rs 1720.0 . The current price of Asian Paints Ltd. is Rs 1716.8 . CK Narayan recommended to keep a stoploss at Rs 1775 .

Asian Paints Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 168017.88 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.

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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