Asian Paints - Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd

Asian Paints - CMP Rs1,938

Asian Paints (APL) is India's largest paints company. Decorative Paints contributes ~75% revenue and the balance contribution is from Industrial Paints. APL has strong brand recall and one of the largest distribution networks (60,000+ dealers across the country) in industry. Going forward, we expect APL to report healthy revenue recovery due to leadership position, strong brand, wide distribution network and healthy operating margins.

Shares of ASIAN PAINTS LTD. was last trading in BSE at Rs.1947.7 as compared to the previous close of Rs. 1935.8. The total number of shares traded during the day was 80646 in over 5607 trades.

The stock hit an intraday high of Rs. 1989 and intraday low of 1928.65. The net turnover during the day was Rs. 158197567.

Source : Equity Bulls

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