Asian Paints

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The stock managed to rise during the afternoon session and touched intraday high of Rs 154.70 till 2.30 pm IST.

CARE received very good response in the secondary markets.

Asian Paints Ltd Term Buy Call: Stocksidea.Com

Asian Paints LtdAsian Paints is India's largest paint company and Asia's third largest paint company. The group has an enviable reputation in the corporate world for professionalism, fast track growth, and building shareholder equity. Asian Paints operates in 17 countries and has 24 paint manufacturing facilities in the world servicing consumers in over 65 countries. Besides Asian Paints, the group operates around the world through its subsidiaries Berger International Limited, Apco Coatings, SCIB Paints and Taubmans.

Long Term Buy Call For Asian Paints Ltd: StocksIdea.Com

Asian Paints LtdCompany was incorporated in 1942 in a garage on Foras road, Bombay as a “The Asian Oil & Paint Company”. Company is India’s largest paint company and ranks among the top ten decorative coating companies in the world. Asian Paints operates in 22 countries and has 29 paint manufacturing facilities in the world-servicing consumers in over 65 countries. Besides Asian Paints, the group operates around the world through its subsidiaries Berger International, Apco Coatings and SCIB Chemicals. The company also formed a 50:50 joint venture with Pittsburgh Paints and Glass Industries (PPG) of USA.

Long Term Buy Call For Asian Paints

Long Term Buy Call For Asian PaintsTechnical analyst Amrut Deshmuk of Way2Wealth maintained 'hold' rating on Asian Paints Ltd stock with a long term target of Rs 2800.

According to analyst, the investors can buy the stock with a stop loss of Rs 2370.

The stock of the company, on Feb 03, closed at Rs 2476.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 3027 and a low of Rs 1762 on BSE.

Current EPS & P/E ratio stood at 88.50 and 27.97 respectively.

Asian Paints Q1 consolidated Net surges 66%

Asian Paints Q1 consolidated Net surges 66%Asian Paints, the country's largest manufacturer of paints, has witnessed a 66 % rise in its consolidated net profit in Q1 FY 10 at Rs 176 crore.

The company had posted a net profit of Rs 106 crore in the year-ago period.

However, its consolidated net sales increased by 17.5% to Rs 1,460-crore in the reporting quarter from Rs 1,242.6 crore in the year-ago period.

On a stand-alone basis, Asian Paints recorded a net profit of Rs 164.4 crore in Q1 FY 10, up 68% from Rs 98 crore in the year-ago period.




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