Buy Asian Paints; target of Rs 1108: Geojit BNP Paribas

Geojit BNP Paribas is bullish on Asian Paints has recommended buy rating on the stock with a target price of Rs 1108 in its research report dated November 24, 2016.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money IThe Winning Leap SME Special
Moneycontrol

Home » News » Recommendations

Dec 01, 2016, 12.40 PM | Source: Moneycontrol.com

Buy Asian Paints; target of Rs 1108: Geojit BNP Paribas

Geojit BNP Paribas is bullish on Asian Paints has recommended buy rating on the stock with a target price of Rs 1108 in its research report dated November 24, 2016.

Like this story, share it with millions of investors on M3

Buy Asian Paints; target of Rs 1108: Geojit BNP Paribas

Geojit BNP Paribas is bullish on Asian Paints has recommended buy rating on the stock with a target price of Rs 1108 in its research report dated November 24, 2016.

Post Your Comments

Share Cancel

| 2 Comments

(more)

, Geojit BNP Paribas |


Geojit BNP Paribas' research report on Asian Paints

The effect of demonetisation will impact the discretionary spending as consumers with a liquidity crunch may postpone the purchase. The current pace in demand revival in rural economy on account of good monsoon will get delayed. A slow pace in real estate demand will also add uncertainty. We therefore reduce our revenue estimate for FY17E /FY18E by 2%& 3% respectively.

We expect the volume growth is likely to get impacted due to the liquidity crunch. It seems that the recent correction in price has largely factored all the near term negatives. We value APNT at 37x (5yr. avg) P/E and roll our estimate to FY19E, with a target price of Rs 1,108. We upgrade our rating to ‘BUY’ from ‘Reduce’ as we believe that near term negatives are largely factored in the stock price.

For all recommendations, click here

Disclaimer:
The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

Buy, Hold, Sell ? Hear it first on M3
Buy Asian Paints; target of Rs 1108: Geojit BNP Paribas

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login