Asian Paints Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 245262.08 Crore) operating in Building Materials sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 6886.39 Crore, up 26.75 % from last quarter Total Income of Rs 5432.86 Crore and up 25.43 % from last year same quarter Total Income of Rs 5490.11 Crore. Company reported net profit after tax of Rs 1240.10 Crore in latest quarter.
Investment Rationale
Higher base formation at 61.8% retracement and 10-week average provides favourable risk-reward setup for fresh entry
Promoter/FII Holdings
Promoters held 52.8 per cent stake in the company as of Sept 30, 2020, while FIIs held 19.8 per cent, DIIs 8.2 per cent and public and others 19.2 per cent
