BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
CLSA maintains underperform on Asian Paints
Q3 earnings missed estimates. Company posted lower than expected revenue. Weak macro and poor consumer sentiments poses a downside risk for the stock. Stock trades at 33-times FY'15 earnings which is expensive.