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Buy Asian Paints target of Rs 1987: Sharekhan

Sharekhan is bullish on Asian Paints has recommended buy rating on the stock with a target price of Rs 1987 in its research report dated June 29, 2020.

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Sharekhan's research report on Asian Paints

Initiating coverage on Asian Paints Ltd (APL) that leads decorative paints industry with a 55% market share; APL derives over 85% of revenue from this industry unlike peers. Rising middle-income group; rapid urbanisation, shift to organised brands are key growth drivers. FY2022 recovery to ride on higher willingness to spend for home improvement and strong demand for bottom-of- pyramid products; benign ...

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