Neutral on Asian Paints, target price Rs 3100: Motilal Oswal
Asian Paints with a target price of Rs 3100. The current market price of Asian Paints Ltd.
is Rs 2966.8. Asian Paints Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 283730.71 Crore) operating in Building Materials sector.
Asian Paints Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes & Black, Other Operating Revenue and Sale of services for the year ending 31-Mar-2023.
Financials For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 8643.77 Crore, down -7.84 % from last quarter Total Income of Rs 9379.38 Crore and up 1.06 % from last year same quarter Total Income of Rs 8553.04 Crore. Company reported net profit after tax of Rs 1203.26 Crore in latest quarter.
