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
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
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.