Asian Paints shares: Should you buy, sell or hold? Check out latest share price targets post Q4 results
Asian Paints share price target: Asian Paints posted a 1.34 per cent increase in consolidated net profit to Rs 1,275.3 crore for the fourth quarter ended March 2024.
Asian Paints share price target: Asian Paints posted a 1.34 per cent increase in consolidated net profit to Rs 1,275.3 crore for the fourth quarter ended March 2024. Here's what brokerages make of the paint firm's post-Q4 results:
Should you buy, sell or hold Asian Paints?
Jefferies has maintained an underperform call on Asian Paints with a trimmed target of Rs 2,200 from Rs 2,500.
Asian Paints share price target
CLSA has maintained a sell call on Asian Paints with a reduced target of Rs 2,337 from Rs 2,410.
Asian Paints target price
Morgan Stanley has maintained a sell call on Asian Paints with a target of Rs 2,614.
Is it good to buy Asian Paints shares now?
Citi has maintained a sell call on Asian Paints. The brokerage has reduced the target on the paint stock by Rs 40 to Rs 2,600.
Is it good to buy Asian Paints stock?
Macquire has continued with an outperform rating on Asian Paints with a target of Rs 3,800.
Asian Paints dividend
Asian Paints dividend
Asian Paints has recommended a final dividend of Rs 28.15 per equity share.
Asian Paints dividend history
Asian Paints dividend history
The company had declared an interim dividend of Rs 5.15 per equity share in October 2023 for FY24, and thus the total dividend for FY24 is at Rs 33.30 per equity share.
Management Commentary
Management Commentary
"We crossed the Rs 35,000 crore consolidated revenue milestone in FY2024. Our Decorative & Industrial coatings combined delivered volume growth of 10 per cent and value growth of 3.9 per cent for the year with our industrial segment registering double-digit value growth," Asian Paints Managing Director and CEO Amit Syngle said.
He said the company's international business has seen steady growth in the Middle Eastern and African markets but remains constrained by macroeconomic headwinds in South Asia and Egypt."
"Despite these challenges, profit delivery in the global business has been strong all through the year," Syngle added.
Image: Pixabay and others
(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)