Join Whats App Job Group for CA ,CMA, CS, MBA, M.Com, BBA, B.Com

Buy Asian paint @target of Rs. 2275 : Sharekhan

Sharekhan’s research report on Asian Paints

Construction and painting activities have re-gained momentum especially in the tier III/IV towns. Further there is an emerging trend of consumer shifting to better quality paints (including puttys, distempers and emulsions) in the rural market.

Asian Paints (APL), a leading player in the decorative paints segment, will benefit from the rural recovery and its volumes are likely to grow in double digits in the near term.

In metros, a gradual recovery is likely from Q3FY2021. Benign input prices would continue to support margins; cost savings would help OPM improve q-o-q and stabilise in Q3FY2021.

Related posts

EY selected to advice on the Proposed merger of three Insurance Companies holding 35% Market Share

Niranjan Reddy

Revival of Khadi and Village Industries : Nitin Gadkari

Sell Berger paints @₹460 : HDFC Securities

Runita bezalwar

1 comment

Esteban September 29, 2020 at 8:01 am

І reallу enjoy examining оn this site, it ϲontains wonderful content.

Reply

Leave a Comment

%d bloggers like this: