ET Markets
12,119.00-129.25
Stock Analysis, IPO, Mutual Funds, Bonds & More

Sell Asian Paints, target Rs 1,340: Dr CK Narayan

Sell Asian Paints Ltd. at a price target of Rs 1340.0 and a stoploss at Rs 1370 from entry point.

ETMarkets.com|
Last Updated: May 10, 2019, 08.48 AM IST|Original: May 10, 2019, 08.24 AM IST
0Comments
ThinkStock Photos
buy-sell8
Dr CK Narayan of Chart Advise has a sell call on Asian Paints Ltd. with a target price of Rs 1340. The current market price of Asian Paints Ltd. is Rs 1355.8. Time period given by the analyst is Intra Day when Asian Paints Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 1370. Asian Paints Ltd., incorporated in 1945, has a market cap of Rs 130048.04 crore.

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 31-03-2019, the company has reported a Consolidated sales of Rs 5018.21 Crore, down -5.21 % from last quarter Sales of Rs 5293.99 Crore and up 11.92 % from last year same quarter Sales of Rs 4483.58 Crore Company has reported net profit after tax of Rs 481.57 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 31-03-2019, the company has a total of 959,197,790 shares outstanding.

Also Read

Buy PVR, price target Rs 1,990: CK Narayan

Buy Biocon, target Rs 274: CK Narayan

Buy Just Dial, price target Rs 612: CK Narayan

Sell Hindalco Industries, price target Rs 198: CK Narayan

Buy Sun TV Network, price target Rs 500: CK Narayan

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service