Investec analyst Aditya Bhartia maintained a Sell rating on Asian Paints Ltd. today and set a price target of INR2,050.00. The company’s shares closed today at INR2,415.80.
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Bhartia covers the Consumer Goods sector, focusing on stocks such as Asian Paints Ltd., Blue Star Limited, and Havells India Limited. According to TipRanks, Bhartia has an average return of 2.3% and a 50.00% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Asian Paints Ltd. with a INR2,369.40 average price target.
Based on Asian Paints Ltd.’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR83.3 billion and a net profit of INR6.92 billion. In comparison, last year the company earned a revenue of INR87.31 billion and had a net profit of INR12.57 billion