Buy Asian Paints, price target Rs 2020: Arun Kumar

Arun Kumar of Reliance Securities has a buy call on Asian Paints Ltd. with a target price of Rs 2020. The current price of Asian Paints Ltd. is Rs 1867.4 Time period given by the analyst is Intra Day when Asian Paints Ltd. price can reach defined target. . Arun Kumar recommended to keep a stoploss at Rs 1798 .

Asian Paints Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 179120.60 Crore) operating in Building Materials sector.

Asian Paints Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes & Black which contributed Rs 16196.87 Crore to Sales Value (98.81 % of Total Sales), Other Operating Revenue which contributed Rs 182.34 Crore to Sales Value (1.11 % of Total Sales) and Sale of services which contributed Rs 12.57 Crore to Sales Value (0.07 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 5420.28 Crore, up 7.32 % from last quarter Sales of Rs 5050.66 Crore and up 2.39 % from last year same quarter Sales of Rs 5293.99 Crore Company has reported net profit after tax of Rs 760.50 Crore in latest quarter.

The company’s top management includes Dr.S Sivaram, Mr.Abhay Vakil, Mr.Ashwin Dani, Mr.Deepak Satwalekar, Mr.Jigish Choksi, Mr.K B S Anand, Mr.M K Sharma, Mr.Malav Dani, Mr.Manish Choksi, Mr.R Seshasayee, Mr.S Ramadorai, Mr.Suresh Narayanan, Mrs.Pallavi Shroff, Mrs.Vibha Paul Rishi, Ms.Amrita Vakil. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 30-09-2019, the company has a total of 959,197,790 shares outstanding.