Asain Paints Stock Price: The results of the December quarter of the country’s largest paint company Asian Paints have disappointed the market. Today, the stock of Asian Paints falls nearly 5 per cent and it came down to Rs 2237. The company’s profit declined by about 23 per cent to Rs 1,128 crore in the December quarter, which was Rs 1,475 crore in the same quarter of a year ago. The company’s profits have been affected due to week festive demand. At present, after the results, brokerage houses are also seen some alerts regarding the stock. If you have also invested in the share or are making up your mind, then you can look at the report of brokerage house.
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Brokerage House Rating and Target Price
Motilal Oswal
Rating: Nutural
Target Price: Rs 2550
Antique broking
Rating: Hold
Target Price: Rs 2361
HDFC Securities
Rating: Add
Target Price: Rs 2450
McWery
Rating: outperform
Target Price: Rs 2650
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Nuvama
Rating: Buy
Target Price: Rs 3000
Morgan Stanley
Rating: Underweight
Target Price: Rs 2358
Jefferies
Rating: Underperform
Target Price: Rs 2000
Clsa
Rating: Underperform
Target Price: Rs 2047
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What to say of brokerage house
Brokerage house Motilal Oswal says that the focus of Asian Paints is on a new launch in every price segment and packaging revival. The company is doing this to remain competitive against both organized and unorganized companies. However, the entry of new players with the commitment regarding important investment can change the market share and cast structure in the entire industry. Brokerage says that we are cautious about both Value growth and margin for FY26. Despite the currence in stock, demand and competitive pressure are still hovering around the earnings.
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Brokerage House HDFC Securities says that the Conso Revenue of Asian Paints declined by 6.1 per cent to Rs 85.5 billion on annual basis. In decorative and industrial businesses collectively, Q3 recorded a decline of 1.7% volume growth and Value growth by 6.6% (decorative value / value growth was 1.6 / –7.8%). Consumer demand reduction (especially in urban centers) as well as decline and weak festive season has affected the revenue.
International trade had a 5 % growth on an annual basis. Amid the recession in decorative business, the management is focusing on increasing the industrial business. Government spending is expected to increase to support good monsoon / rural demand. Brokerage has cut its FY26 and FY27 EPS estimates by 6 per cent and 5 per cent due to lower volume growth.
(Disclaimer: View or advice on the stock is given by brokerage house. These are not private views of Financial Express. There are risks in the market, so take the opinion of experts before investment.)