Brokerages raise price targets on Asian Paints - Economic Times

Asian Paints' strong revenue delivery and market share gains are impressive; however, rich valuation at 57 times FY24 estimated earnings per share, especially in the context of Grasim's impending entry limits any upside, said Axis Capital.

Brokerages have raised their price targets on Asian Paints as its June quarter earnings surprised positively but they also warned of near-term inflationary headwinds and rising competition. Asian Pa… [+736 chars]

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