Asian paints share

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Asian Paints Ltd.

Asian Paints Target Share Price, Asian Paints Share Price Forecast - The Economic Times

Shares of Asian Paints Ltd fell 2. The leader in the decorative paints segment missed expectations on most key parameters. The product mix is more likely to be skewed towards low-end products such as Putty, which would have led to lower price growth. This has resulted in lower than expected revenue growth for the quarter," Naveen Kulkarni, senior head of research at Reliance Securities Ltd, said in a note. Operating margin also narrowed, impacted by high raw material costs and advertisement spends. Further, the management said that challenging business conditions affected operations in some of its key overseas markets, especially in Egypt, Ethiopia, Bangladesh and Sri Lanka. The only bright spot in the results was a double-digit volume growth in its decorative paints business.
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LIC trims stake in Asian Paints by 2%

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