Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessStocks

Buy Asian Paints target of Rs 1987: Sharekhan

Sharekhan is bullish on Asian Paints has recommended buy rating on the stock with a target price of Rs 1987 in its research report dated June 29, 2020.

July 01, 2020 / 10:44 AM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sharekhan's research report on Asian Paints

Initiating coverage on Asian Paints Ltd (APL) that leads decorative paints industry with a 55% market share; APL derives over 85% of revenue from this industry unlike peers. Rising middle-income group; rapid urbanisation, shift to organised brands are key growth drivers. FY2022 recovery to ride on higher willingness to spend for home improvement and strong demand for bottom-of- pyramid products; benign input prices to lift margins in FY2022 (PAT to clock CAGR of 14.5% over FY2020-23E).


Outlook

Sturdy balance sheet; FCF is at Rs. 2,157 crore; return ratios above 20%; consistent dividend payout at ~50%.



For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Jul 1, 2020 10:44 am

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347