BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
CLSA downgrades Asian Paints to sell
CLSA has downgraded Asian Paints to "sell" with target a price of Rs 900, down from Rs 1,000 earlier. Asian Paints shares trades at 47 times FY2017 estimated earnings per share. See a 4-8 per cent cut in the consensus earnings per share forecasts. FY17 volumes likely to come down.