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Manas Jaiswal of manasjaiswal.com has a buy call on Asian Paints with a target price of Rs 1395.
The current market price of Asian Paints is Rs 1354.45.
Time period given by analyst is Intra Day when Asian Paints price can reach defined target.
Manas Jaiswal recommended to keep stoploss at Rs 1334.
Asian Paints , incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 129918.54 crore) operating in Paints and Pigments sector.
Asian Paints key Products/Revenue Segments include Paints, Enamels, Varnishes Black which contributed Rs 14316.13 crore to Sales Value (98.32 per cent of Total Sales), Subsidy which contributed Rs 162.36 crore to Sales Value (1.11 per cent of Total Sales), Processing Charges which contributed Rs 59.21 crore to Sales Value (0.40 per cent of Total Sales), Sale of services which contributed Rs 13.04 crore to Sales Value (0.08 per cent of Total Sales) and Scrap which contributed Rs 8.81 crore to Sales Value (0.06 per cent of Total Sales)for the year ending 31-Mar-2018.
For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 4639.05 crore, up 5.67 per cent from last quarter Sales of Rs 4390.27 crore and up 8.76 per cent from last year same quarter Sales of Rs 4265.23 crore Company has reported net profit after tax of Rs 497.94 crore in latest quarter.
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 and Ms.Amrita Vakil.
