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Standout Brokerage Report: Macquarie raises target price on Asian Paints to Rs 3,200, here’s why
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Standout Brokerage Report: Macquarie raises target price on Asian Paints to Rs 3,200, here’s why
May 18, 2021 2:59 AM

Global brokerage house Macquarie is bullish on Asian Paints post its March quarter earnings. It has an outperform rating on teh stock and has raised its target price to Rs 3,200 from Rs 2,900.

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It has also raised the EPS estimate for Asian Paints by 2 percent for FY23 and FY24. The broekrage added that growth outlook, visibility on price hikes increase comfort on near-term EPS.

Watch the accompanying video of CNBC-TV18’s Nimesh Shah for more details.

To watch other videos in this series, click on the Standout Brokerage Report tab below.

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

(Edited by : Pranati Deva)

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