Buy Asian Paints, target Rs 1,230: Pritesh Mehta
Buy Asian Paints at a price target of Rs 1,230 and a stop loss at Rs 1,150 from entry point.
By ETMarkets.com |
Pritesh Mehta of IIFL has a buy call on Asian Paints with a target price of Rs 1,230.
The current market price of Asian Paints is Rs 1,170.95.
Time period given by the analyst is intraday when Asian Paints price can reach defined target.
Pritesh Mehta recommended to keep a stop loss at Rs 1,150.
Asian Paints, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 1,09,569.16 Crore) operating in Paints and Pigments sector.
Asian Paints key Products/Revenue Segments include Paints, Enamels, Varnishes & Black which contributed Rs 14,154.54 Crore to Sales Value (98.56 per cent of Total Sales), Subsidy which contributed Rs 136.62 Crore to Sales Value (0.95 per cent of Total Sales), Processing Charges which contributed Rs 53.07 Crore to Sales Value (0.36 per cent of Total Sales), Scrap which contributed Rs 8.61 Crore to Sales Value (0.05 per cent of Total Sales) and Sale of services which contributed Rs 7.59 Crore to Sales Value (0.05 per cent of Total Sales)for the year ending 31-Mar-2017.
The company’s top management includes Dr.S Sivaram, Mr.Abhay Vakil, Mr.Ashwin Choksi, Mr.Ashwin Dani, Mr.Deepak Satwalekar, Mr.K B S Anand, Mr.M K Sharma, Mr.Mahendra Choksi, Mr.Mahendra Shah, Mr.Malav Dani, Mr.R Seshasayee, Mr.S Ramadorai, Mrs.Vibha Paul Rishi, Ms.Amrita Vakil.
Company has BSR & Co. LLP as its auditors.
As on 30-09-2017, the company has a total of 959,197,790 shares outstanding.
The current market price of Asian Paints is Rs 1,170.95.
Time period given by the analyst is intraday when Asian Paints price can reach defined target.
Pritesh Mehta recommended to keep a stop loss at Rs 1,150.
Asian Paints, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 1,09,569.16 Crore) operating in Paints and Pigments sector.
Asian Paints key Products/Revenue Segments include Paints, Enamels, Varnishes & Black which contributed Rs 14,154.54 Crore to Sales Value (98.56 per cent of Total Sales), Subsidy which contributed Rs 136.62 Crore to Sales Value (0.95 per cent of Total Sales), Processing Charges which contributed Rs 53.07 Crore to Sales Value (0.36 per cent of Total Sales), Scrap which contributed Rs 8.61 Crore to Sales Value (0.05 per cent of Total Sales) and Sale of services which contributed Rs 7.59 Crore to Sales Value (0.05 per cent of Total Sales)for the year ending 31-Mar-2017.
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The company’s top management includes Dr.S Sivaram, Mr.Abhay Vakil, Mr.Ashwin Choksi, Mr.Ashwin Dani, Mr.Deepak Satwalekar, Mr.K B S Anand, Mr.M K Sharma, Mr.Mahendra Choksi, Mr.Mahendra Shah, Mr.Malav Dani, Mr.R Seshasayee, Mr.S Ramadorai, Mrs.Vibha Paul Rishi, Ms.Amrita Vakil.
Company has BSR & Co. LLP as its auditors.
As on 30-09-2017, the company has a total of 959,197,790 shares outstanding.
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