Buy Asian Paints, target price Rs 2660: Reliance Securities

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Buy Asian Paints, target price Rs 2660:  Reliance Securities


Reliance Securities has buy call on Asian Paints with a target price of Rs 2660. The current market price of Asian Paints Ltd. is Rs 2621.7.

Asian Paints Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 251031.65 Crore) operating in Building Materials sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 5350.23 Crore, up 83.06 % from last quarter Sales of Rs 2922.66 Crore and up 5.93 % from last year same quarter Sales of Rs 5050.66 Crore Company reported net profit after tax of Rs 840.12 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 52.8 per cent stake in the company as of Sept 30, 2020, while FIIs held 19.8 per cent, DIIs 8.2 per cent and public and others 19.2 per cent





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