BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
JP Morgan initiates Asian Paints with underweight
High valuation and tough macro climate cap upside. Expect stock to under-perform over next 12 month. Earnings estimates for FY14 and FY15 are 6 and 8 per cent below consensus. Margin headwinds remain for Asian Paints. Target at Rs 445.