Motilal Oswal has given a buy rating to Asian Paints with a target price of Rs 2140. The share price moved down by 0.93 per cent from its previous close of Rs 2040.95. The stock’s last traded price is Rs 2022.
Asian Paints Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 195719.51 Crore) operating in Building Materials sector.
Asian Paints Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes & Black which contributed Rs 17025.26 Crore to Sales Value (99.01 % of Total Sales), Other Operating Revenue which contributed Rs 168.48 Crore to Sales Value (0.97 % of Total Sales) and Sale of services which contributed Rs .35 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2020.
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 2922.66 Crore, down 36.95 % from last quarter Sales of Rs 4635.59 Crore and down 43.04 % from last year same quarter Sales of Rs 5130.63 Crore. The Company reported net profit after tax of Rs 233.89 Crore in latest quarter.
Promoters held 52.79 per cent stake in the company as of March 31, 2020, while FIIs held 17.21 per cent, DIIs 13.52 9.96 per cent and public and others 20.04 per cent.