Asian Paints Ltd
ASIANPAINT

1,120.45

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

1,120.50

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

1,127.00

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Accumulate
Reco. Price
Rs 1077.65
We recommend ACCUMULATE as implementation of GST is expected to lead to market share gains for the organized sector. Further, to meet rising demand, the company plans to double its production capacity. However, we see limited upside with stock trading at 39.9x P/E on FY19E earnings. (Target Price- Rs.1178)
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50 DMA (.)
1,046.67
100 DMA (.)
989.57
200 DMA (.)
1,042.53
Weekly Range (.)
1,063.70
1,124.95
Monthly Range (.)
1,033.70
1,124.95
52 Weeks Range (.)
851.10
1,227.30
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