Moneycontrol PRO
Upcoming Event:Attend Algo Convention Live, 2 Days & 12+ Speakers at best offer Rs.999/-, exclusive for Moneycontrol Pro subscribers. Register now!

Neutral Asian Paints; target of Rs 3120: Motilal Oswal

Motilal Oswal recommended Neutral rating on Asian Paints with a target price of Rs 3120 in its research report dated May 10, 2022.

May 12, 2022 / 02:32 PM IST
  • bselive
  • nselive
Todays L/H

Motilal Oswal's research report on Asian Paints

Demand has been fairly resilient, with 8% volume growth in 4QFY22, despite a cumulative price increase of ~20% in FY22. In Tier I and II cities, the price rise has been absorbed, but there has been some impact on demand in smaller cities. The impact of raw material inflation in 4QFY22 was lower than our estimate. However, the management said APNT is witnessing a 5-7% sequential increase in its raw material basket against which it is taking a 2% price increase in May'22 and Jun'22.


The current valuations of ~54.4x FY24E PE fully capture the upside over the next one-year. We maintain our Neutral rating.


For all recommendations report, click here

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

Download your money calendar for 2022-23 here and keep your dates with your moneybox, investments, taxes

Broker Research
first published: May 12, 2022 02:32 pm
ISO 27001 - BSI Assurance Mark