Asian Paints Ltd is one of India’s largest paint companies by market share. The company manufactures, sells, distributes, and has manufacturing facilities across 15 countries, mainly in the Indian Subcontinent and Middle East. The company was founded in India in the year 1942 and is owned by Berger International, one of India's largest multinational paint companies.
In the past 5 years, the share price target of Asian Paints has risen by 132% on the NSE. The company’s Earnings per share (EPS) rose by 33% YoY to Rs. 362.
The company’s fourth-quarter net profit increased by 35% YoY by Rs. 41,06 billion, driven by a rise in sales volume by 7.45%. The company sold 3,166 bath fittings in
Let's now look at the factors that will influence the stock price target of Asian Paints share price in 2030
is India's largest paint & Home Decor company. Recently, on January 1, 2024, the company opened its first Multi-Channel Premium Home Décor Showroom "Beautiful Homes".
On Wednesday, the stock price of Asain Paint share price Target increased by Rs 0.60 per share or Rs 0.55 per share to NSE 3286.55 rupees. The company's ROE on NSE has been 26% over the past 5 years.
Over the past 5 years, Asain Paint Ltd's sales have grown by 79% while the company's net profit has increased by 89% in the past 5 years according to the FY19-FY23 financial reports of the company.
Asiatic Paints Ltd has been named as one of the Top picks by RELIGARE Broking in the Top Picks list for 2024.
The below tables provide an idea of Asian Paints Target Price Forecast from 2024 to 2030.
The company's dividend yield has been stable at 0.78% for the past 3 years. The company's stock price has been increasing steadily for the past 5 years. The Indian Stock Market has been showing a steady growth pattern.
In the recent past, the company announced an investment of 385 crores to increase the production capacity of its Maharashtra Plant from 3 LK per year to 4 LK per year. This may have affected investor's confidence in Asian Paints.
According to experts, the share price of Asian Paints will continue to rise shortly and may reach a target price of Rs 5,000 per share by the year 2027. The price target of HSBC is Rs 4,000 per share and the target price of Nuvama is Rs 3,000 per share.
Before making any investment, it is important to conduct thorough research into the 'Asian PAINT' vulnerabilities in the market and seek the opinion of an industry expert.
India Property Dekho always advises its readers to seek the advice of an expert.
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