INSUBCONTINENT EXCLUSIVE:
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
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
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.