|
11 Sep 2025 |
Asian Paints
|
Consensus Share Price Target
|
2555.90 |
2437.41 |
- |
-4.64 |
hold
|
|
|
|
|
18 Jan 2024
|
Asian Paints
|
Axis Direct
|
2555.90
|
3100.00
|
3163.85
(-19.22%)
|
Target met |
Hold
|
|
|
Recommendation With a 4% downside from the CMP, we maintain our HOLD rating on the stock
|
|
17 Jan 2024
|
Asian Paints
|
Prabhudas Lilladhar
|
2555.90
|
3159.00
|
3242.30
(-21.17%)
|
Target met |
Hold
|
|
|
|
|
17 Jan 2024
|
Asian Paints
|
Sharekhan
|
2555.90
|
3490.00
|
3163.85
(-19.22%)
|
|
Hold
|
|
|
|
|
31 Oct 2023
|
Asian Paints
|
Geojit BNP Paribas
|
2555.90
|
3399.00
|
2995.70
(-14.68%)
|
Target met |
Buy
|
|
|
|
|
27 Oct 2023
|
Asian Paints
|
Axis Direct
|
2555.90
|
3200.00
|
2955.15
(-13.51%)
|
Target met |
Hold
|
|
|
Missed Estimates: Asian Paints results missed all estimates, primarily owing to weak consumer sentiments and rural witnessing sustained weakness
|
|
27 Oct 2023
|
Asian Paints
|
ICICI Securities Limited
|
2555.90
|
2740.00
|
2960.30
(-13.66%)
|
Target met |
Sell
|
|
|
We reckon paint volumes declined for APNT in 2QFY24. We expect growth triggers to be muted in the near term considering (1) weak consumer sentiment may impact volume offtake, (2) international business will likely be under pressure due to geopolitical concerns, (3) rising competitive pressures due to entry by Grasim.
|
|
26 Oct 2023
|
Asian Paints
|
Prabhudas Lilladhar
|
2555.90
|
3387.00
|
2960.30
(-13.66%)
|
Target met |
Accumulate
|
|
|
|
|
08 Aug 2023
|
Asian Paints
|
Geojit BNP Paribas
|
2555.90
|
3691.00
|
3348.05
(-23.66%)
|
|
Buy
|
|
|
|
|
26 Jul 2023
|
Asian Paints
|
ICICI Securities Limited
|
2555.90
|
3000.00
|
3373.00
(-24.22%)
|
Target met |
Sell
|
|
|
While Q1FY24 PAT growth of 48.9% YoY was higher than consensus estimates, the results were qualitatively weaker in our view as (1) In-spite of delay in monsoon and stronger Apr’23, the revenue growth was muted at 6.7% YoY, (2) volume growth was 330bps higher than revenue growth indicating mix deterioration and higher volumes of low value products such as putty and (3) B2B portfolio (Industrial paints and Projects) has reported double digit revenue growth indicating weaker growth of consumer portfolio.
|
|
26 Jul 2023
|
Asian Paints
|
Axis Direct
|
2555.90
|
3500.00
|
3373.00
(-24.22%)
|
|
Hold
|
|
|
With an3% upside from the CMP, we downgrade the stock to Hold
|