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 Reliance Securities's Stock Idea
Reliance Securities is Bullish on Asian Paints Ltd.
Idea Submitted on 23Jan,2018
  • 75 Total Ideas
  • 0 Active Ideas
  • 75 Closed Ideas
  • 0 Friends
  • 1 Followers
  • Avg. Returns
     0.08%
    Rank
    47
    Success Rate
      50.67%
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      Buy Asian Paints Idea
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      Idea Status :  Closed
    Target Achieved
    Idea Closed at 1341.45(09Jul,18 09:35:am)
     Time Frame
    1year
     Start Price
    1170
     Target Price
    1341
     Stop Loss
    1053
     Projected Gain
    171 (14.62% Upside)
     Returns Achieved
    171.45     14.65%
     Analysis
    Despite lower-than-estimated growth in volume, we expect recovery in demand in coming quarters on the back of continued premiumisation trend and strong growth in rural markets coupled with visible recovery in urban demand. We also expect EBITDA margins to witness steady increase on the back of possible pricing action and continued cost rationalisation measures. Based on expected EPS of Rs31.6, the stock trades at 37x FY20E earnings, which is lower compared to its average forward multiple of 46x in past three years. Hence, we maintain our BUY rating on the stock with a revised Target Price of Rs1,341 (from Rs1,354 earlier) View Research Report (Time period & Stop Loss Auto Inserted)

    Link to Report: READ FULL REPORT

     Stock Price Movement (EOD Basis)
     C.M.P Asian Paints
    1817
    Sentimeter
    Buy Calls: 6 Sell Calls: 2
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