Broker’s call: Asian Paints – The Hindu BusinessLine
Target: ₹2,774
CMP: ₹2596.75
Asian Paints Q3-FY21 revenues, EBITDA and APAT came ahead of our estimate as pent up and festive demand was higher compared to our expectation.
The company witnessed 33 per cent volume growth during the quarter. We believe that the volume growth in the decorative segment should