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Edelweiss Securities positive on Asian Paints, Titan and Zee Entertainment
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Edelweiss Securities positive on Asian Paints, Titan and Zee Entertainment
May 11, 2018 1:23 AM

Abneesh Roy, senior vice president at Edelweiss Securities shared his views and readings on the numbers of Asian Paints, Titan Company and Zee Entertainment Enterprises.

Talking about Asian Paints, he said numbers were ahead of volume growth and expect the underperformance of the stock to reverse.

He further said that we expect Asian Paints to rerate in the near term.

On Titan front, Roy said, “Titan is in very sweet spot. The company is a very good compounding story. They have given out a target of 2.5x revenue for next five years.”

“In FY19 we expect watch business to see double digit growth and margin expansion for entire company should happen,” he added.

According to him, Zee has been growing consistently ahead of industry.

“I expect the company to meet 30 percent EBITDA margin guidance. So that’s the best part about Zee that in spite of investments they are cautious on spends, they will do it in the best possible manner and meet those guidance in terms of margins,” said Roy.

Disclaimer:

The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

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