Asian Paints Shares Surge After Q4 Results: BUY, SELL, OR HOLD?

After Asian Paints' January-March quarter results, the company's shares saw a significant rise today, on Friday, May 10, 2024.

Asian Paints Share Price On The Bombay Stock Exchange (BSE)On the Bombay Stock Exchange (BSE), Asian Paints shares soared nearly three percent each.

Asian Paints Share Price YesterdayThe stock closed at Rs 2,711 in the previous session.

Asian Paints Share Price: TodayThe stock surged by 2.99 percent to reach the day's high of Rs 2,792.00 on Friday. As of 12:13 pm on Friday, the company's stock was trading higher by 2.35 percent, or Rs 63.65, at Rs 2,774.65.

Now the question arises among investors about what to do. Ajit Mishra- SVP Research from Religare Broking Limited is shedding light on Asian Paint's share price target.

Buy RatingThe analyst has given a BUY rating to the stocks.

Asian Paints: Share Price TargetThe target price given by Ajit Mishra is Rs 3,465. The analyst is optimistic about a potential upside of 27.9 per cent.

Asian Paints: Q4 ResultsIn its January-March quarter results, Asian Paints reported a marginal one percent increase in profit after tax (PAT), reaching Rs 1,275 crore compared to Rs 1,258 crore in the same period last year.

Asian Paints: Revenue From OperationsHowever, the company's revenue from operations slipped by one percent to Rs 8,731.0 crore, down from Rs 8,787.0 crore in the previous year.
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