Asian Paints Q4 results due on this date; here's what brokerages recommend

Asian Paints Q4 results: Asian Paints is all set to report its quarterly financial results next month. The incoming corporate earnings report will detail the paint major's financial performance in the final quarter of the year ended March 2023.  

The Q4 results of Mumbai-based Asian Paints will be declared on May 11. The company in its regulatory filing said, "This is to inform you that a meeting of the Board of Directors of the Company will be held on Thursday, 11th May, 2023."

The Asian Paints's board will meet on May 13 to approve and take on record the financial results for the three-month period. 

Asian Paints will also hold a call with analysts on this day to discuss the Q4 as well as the full-year results, as well as its business outlook. 

Asian Paints dividend 2023: Will Asian Paints also announce a final dividend?

According to the regulatory filing, dated March 29, the company's board will meet to recommend a final dividend for the financial year ending March 31, 2023.

"Recommendation of final dividend, if any, for the financial year ending 31st March, 2023," the filing read. 

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Asian Paints share history: How has the paint stock performed so far in 2023? 

The paint stock has corrected 16 per cent so far this year, a period in which Nifty 50 has corrected nearly 4 per cent.  

Asian Paints share price target: Here's what brokerages recommend 

Global brokerage CLSA has maintained a ‘sell’ stance on the counter with an increased target of Rs 2,610 per share from Rs 2,580 apiece earlier. 

Besides, Jefferies, last week had also maintained a ‘sell’ call on Asian Paints.

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