INSUBCONTINENT EXCLUSIVE:
Dr CK Narayan of Chart Advise has a sell call on Asian Paints Ltd
with a target price of Rs 1240
The current market price of Asian Paints Ltd
is Rs 1272.7 Time period given by the analyst is Intra Day when Asian Paints Ltd
price can reach the defined target
Dr CK Narayan recommended to keep stoploss at Rs 1285
Asian Paints Ltd., incorporated in 1945, is a largecap company with a market cap of Rs 122077.10 crore.
Asian Paints Ltd
key Products/Revenue Segments include Paints, Enamels, Varnishes Black which contributed Rs 14316.13 Crore to Sales Value (98.32 % of Total
Sales), Subsidy which contributed Rs 162.36 Crore to Sales Value (1.11 % of Total Sales), Processing Charges which contributed Rs 59.21
Crore to Sales Value (0.40 % of Total Sales), Sale of services which contributed Rs 13.04 Crore to Sales Value (0.08 % of Total Sales) and
Scrap which contributed Rs 8.81 Crore to Sales Value (0.06 % 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 % from last quarter Sales of
Rs 4390.27 Crore and up 8.76 % from last year same quarter Sales of Rs 4265.23 Crore Company has reported net profit after tax of Rs 497.94
Mr.Mahendra Choksi, Mr.Mahendra Shah, Mr.Malav Dani, Mr.Manish Choksi, Mr.R Seshasayee, Mr.S Ramadorai, Mrs.Vibha Paul Rishi, Ms.Amrita
Company has Deloitte Haskins Sells LLP as its auditoRs As on 30-09-2018, the company has a total of 959,197,790 shares outstanding.
