Accumulate Asian Paints; target of Rs 1320: Kotak Securities

Kotak Securities recommended accumulate rating on Asian Paints with a target price of Rs 1320 in its research report dated May 11, 2018.

Broker Research

May 21, 2018 / 17:02 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Kotak Securities' research report on Asian Paints

Double digit volume growth in the decorative segment, stable volumes in the industrial segment and raw material price inflation were the highlights of the results for APL during the quarter.

Outlook

Maintain Accumulate with an increased TP of Rs 1320 (from Rs 1300) at 45x FY20E earnings. which is a small premium for the market leader to valuation commanded by peers.

For all recommendations report, click here

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Broker Research

first published: May 21, 2018 05:02 pm

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