Asian Paints Ltd.

NSE: ASIANPAINT | BSE: 500820 | ISIN: INE021A01026 | Industry: Paints
| Expensive Performer

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Asian Paints Ltd.
23 Oct 2020
2481.70
0.12%
Axis Direct
We thus upgrade our estimates for FY21/22 and introduce FY23E. Revise rating to BUY (HOLD earlier) and a TP of Rs. 2,300 (Rs. 1,796 earlier) as we roll forward to Sept-22E EPS (50x target PE multiple).
Promoters pledged 0.08% of shares in last quarter. Total pledge stands at 9.38% of promoter holdings
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