Asian Paints Ltd (ASPN.NS)
|Market Cap (Mil.):||Rs461,642.69|
|Shares Outstanding (Mil.):||95.92|
Reuters Market Eye - Shares in India's biggest cigarette maker ITC are the cheapest compared with large-cap domestic consumer good peers such as Hindustan Unilever, Nestle India and Asian Paints, according to Thomson Reuters StarMine data.
* Deutsche Bank downgrades Asian Paints Ltd to "sell" from "hold", saying valuations are running ahead of fundamentals. * The investment bank says the stock is trading at an all-time high valuation despite rising competition. * "Incremental market gains for APNT appear improbable as competition is no longer sleepy," Deutsche said in a report on Wednesday. * Shares of Asian Paints were up 0.5 percent. (firstname.lastname@example.org /; email@example.com)
Reuters Market Eye - Morgan Stanley initiated coverage of Asian Paints Ltd with an "overweight" rating and a target price of 5,220 rupees.
* Morgan Stanley initiated coverage of Asian Paints Ltd with an "overweight" rating and a target price of 5,220 rupees. * The investment bank says the paint maker will enjoy "strong" revenue growth, with gross margins expected to expand by 300 bps in fiscal years 2012-2015. * Asian Paints also deserves a premium in terms of valuations, Morgan Stanley says. * "We think competitors are unlikely to match its distribution reach and logistics strength over the next five years," the bank writes in a