Monarch Networth initiates coverage on Asian Paints, Colgate and Kansai Nerolac; sees up to 17% upside

Domestic brokerage firm Monarch Networth Capital has initiated coverage on three consumer-facing stocks: Asian Paints, Colgate Palmolive India, and Kansai Nerolac Paints. The brokerage expects these market leaders to deliver steady performance, supported by strong brand power, deep distribution networks, and resilient domestic demand.

Here is a look at what the brokerage expects from each counter based on target prices calculated from August 4 closing prices.

Kansai Nerolac Paints: Highest upside in the pack


Monarch Networth has initiated coverage on Kansai Nerolac Paints with a target price of Rs 232, pointing to an upside potential of 16.6% from its August 4 closing level.

As a leading player in the industrial coatings space with a growing footprint in decorative paints, the company is well placed to gain from picking up pace in automotive manufacturing and rising urban demand. The brokerage notes that Kansai Nerolac focus on premium products and operational efficiency sets it up well for long term profitable growth. Investors can read the full initiating coverage report on the Monarch Networth Capital website.

Asian Paints: Market leader poised for steady gains

For India largest paint maker, Asian Paints, Monarch Networth has set a target price of Rs 3,165, representing a potential upside of 14% from its August 4 closing price.

Despite rising competition across the domestic paint landscape, the brokerage remains confident in the company strong pricing power, unmatched reach, and deeper expansion into the home decor space. These structural strengths are expected to help Asian Paints protect its leadership position and generate steady shareholder returns over time. The complete initiating coverage report is accessible directly on Monarch Networth Capital's research portal.

Colgate Palmolive India: Strong brand moat, reliable growth

Monarch Networth has also initiated coverage on oral care leader Colgate Palmolive India with a target price of Rs 2,166, which translates to a 7.7% upside from its August 4 close.

Colgate continues to benefit from its widespread reach in rural markets alongside market share gains driven by premium product launches in personal care. The brokerage highlights Colgate debt free balance sheet, strong return ratios, and consistent cash flow generation as key drivers for its positive stance. Details regarding the thesis are available in the initiating coverage report hosted on Monarch Networth Capital platform.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)