Asian Paints shares: Promote Asian Paints, goal value Rs 3260: Kotak Securities
Asian Paints Ltd. key Merchandise/Income Segments embody Paints, Enamels, Varnishes & Black, Different Working Income and Sale of companies for the yr ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the corporate reported a Consolidated Complete Earnings of Rs 8705.91 Crore, up 9.19 % from final quarter Complete Earnings of Rs 7973.06 Crore and up 53.41 % from final yr similar quarter Complete Earnings of Rs 5674.97 Crore. Firm reported internet revenue after tax of Rs 1023.27 Crore in newest quarter.
Funding Rationale
Has did not maintain above short-term shifting averages; it signifies additional downward momentum
Promoter/FII Holdings
Promoters held 52.63 per cent stake within the firm as of 30-Jun-2022, whereas FIIs owned 18.51 per cent, DIIs 8.42 per cent.
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