Asian Paints Ltd.    
23 Oct 2020
2228.00
3.17%
buy
ICICI Securities Limited
Promoters pledge increased to 11.86% of holdings in Sep 2020 qtr.
Asian Paints Ltd.    
23 Oct 2020
2228.00
3.17%
Asian Paints Ltd. has gained 25.98% in the last 3 Months
Asian Paints Ltd.    
23 Oct 2020
2228.00
3.17%
buy
Asian Paints Ltd. is trading above all available SMAs
Asian Paints Ltd.    
23 Oct 2020
2228.00
3.17%
buy
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).
Asian Paints Ltd. has gained 21.51% in the last 6 Months
Asian Paints Ltd.    
23 Oct 2020
2228.00
3.17%
Axis Direct
We recommend a BUY on ASIAN PAINTS with a Target Price of Rs. 2262 an upside of 7% from CMP of Rs. 2114 and Stop Loss Rs. 2040.
Asian Paints Ltd. has an average target of 2148.90 from 14 brokers.
Asian Paints Ltd.    
23 Oct 2020
2228.00
3.17%
buy
Accumulate: Asian Paints Ltd.
Asian Paints Ltd. has gained 25.98% in the last 3 Months
Asian Paints Ltd.    
22 Oct 2020
2228.00
3.17%
Promoters pledge increased to 11.86% of holdings in Sep 2020 qtr.
Asian Paints Ltd.    
22 Oct 2020
2228.00
3.17%
Number of FIIs/FPIs holding stock rose by 7 to 1118 in Sep 2020 qtr.
Asian Paints Ltd.    
22 Oct 2020
2228.00
3.17%
buy
Sharekhan
The stock is currently trading at 59.2x/49.3x its FY2022/23E EPS. Leadership position in the domestic decorative paint industry, sturdy balance sheet, and good dividend pay-out will keep valuations at premium level. We have fine-tuned our earnings estimates to factor better-than-expected...
Promoters pledge increased to 11.86% of holdings in Sep 2020 qtr.
Asian Paints Ltd.    
07 Sep 2020
2228.00
3.17%
HDFC Securities
We build in Sales/EBITDA/PAT CAGR of 8/9/10% over FY20-23E. Alas! all pluses seem priced-in at 55x Sept-22 P/E. We initiate coverage with a Reduce Reco and DCF-based TP of Rs. 1,800/sh (implying 50x Sep-22 P/E). Asian Paints (52/64% revenue/PAT share) with 2.5-7x active dealers than the next three paint companies remains de-facto king in distribution/supply chain of paints in India. Coupled with better price laddering of products across categories/price points, this has ensured its unhindered dominance over decades. Promising optionality in waterproofing/other adjacent categories (we build in 40-50bp incremental growth from waterproofing) could surprise on the upside.
Number of FIIs/FPIs holding stock rose by 7 to 1118 in Sep 2020 qtr.