Buy Kansai Nerolac Paints Ltd., target Rs 500.0 : Vikas Sethi

Vikas Sethi of Sethi Finmart has Buy call on Kansai Nerolac Paints Ltd. with a target price of Rs 500.0. The current market price of Kansai Nerolac Paints Ltd. is 376.9. Time period given by analyst is year, when Kansai Nerolac Paints Ltd. price can reach defined target. Sethi is bullish on the stock and as far as the financials are concerned the company has had pretty healthy balance sheet with low debt equity ratio, high return ratios, pretty strong margins and the valuations. The stock trades at a significant discount to its peers like an Asian Paint or a Berger Paint.