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.
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