INSUBCONTINENT EXCLUSIVE:
Independent analyst Kunal Bothra has a sell call on Asian Paints Ltd
with a target price of Rs 1377.0
The current market price of Asian Paints Ltd
Time period given by the analyst is Intra Day when Asian Paints Ltd
price can reach the defined target
Kunal Bothra recommended to keep stoploss at Rs 1406.
Asian Paints Ltd., incorporated in 1945, is a largecap company with a market cap of Rs
133688.19 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 31-12-2018, the company has reported a Consolidated sales of Rs 5293.99 Crore, up 14.12 % from last quarter Sales of
Rs 4639.05 Crore and up 24.26 % from last year same quarter Sales of Rs 4260.52 Crore Company has reported net profit after tax of Rs 631.73
The company’s top management includes Dr.S Sivaram, Mr.Abhay Vakil, Mr.Ashwin Dani, Mr.Deepak Satwalekar, Mr.K B S Anand, Mr.M K Sharma,
Mr.Mahendra Choksi, Mr.Mahendra Shah, Mr.Malav Dani, Mr.Manish Choksi, Mr.R Seshasayee, Mr.S Ramadorai, Mrs.Vibha Paul Rishi, Ms.Amrita
Company has Deloitte Haskins Sells LLP as its auditoRs As on 31-12-2018, the company has a total of 959,197,790 shares outstanding.
