Neutral on Asian Paints, target price Rs 3340: Motilal Oswal
Asian Paints with a target price of Rs 3340. The current market price of Asian Paints Ltd.
is Rs 3243.75.
Asian Paints Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 311000.70 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 31-12-2023, the company reported a Consolidated Total Income of Rs 9241.67 Crore, up 6.92 % from last quarter Total Income of Rs 8643.77 Crore and up 5.94 % from last year same quarter Total Income of Rs 8723.30 Crore.
Company reported net profit after tax of Rs 1427.28 Crore in latest quarter.
Promoter/FII Holdings Promoters held 157.89 per cent stake in the company as of 31-Dec-2023, while FIIs owned 51.96 per cent, DIIs 31.38 per cent.
