Angel Broking has maintained its neutral rating on Asian Paints in its May 9, 2008 research report. "For 4QFY2008, Asian Paints is expected to post a growth of 17.6% and 34.7% in consolidated net sales and net profit to Rs 1,127 crore and Rs 89.7 crore respectively, aided by higher contribution from its International business and steady growth in its decorative paints business. On the Operating front, Margins are expected to expand by 145bp to 13.7% aided by lower raw material costs and higher operating leverage. We maintain a Neutral view on the stock," Angel's research report.

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