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Should you buy, sell or hold Asian Paints after mixed Q1 earnings?

Asian Paints on Tuesday reported a 52.5% year-on-year (YoY) rise in consolidated net profit for the quarter ended June to Rs 1,550.37 crore. Consolidated revenue from operations increased nearly 7% YoY to Rs 9,182.31 crore, but was lower than the estimated Rs 9,358 crore.

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Can Asian Paints stock sustain the momentum?


Can Asian Paints stock sustain the momentum?
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Last Updated: May 15, 2021, 09:28 AM IST
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Synopsis
"Q1 of this year is going to be tough for most of the FMCG companies, including Asian Paints," says Mahantesh Sabarad.
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After Asian Paints stock jumped 8.5 per cent following the release of its quarterly report card, Mahantesh Sabarad, Head, Retail Research, SBICAP Securities, says he is surprised on the stock price movement and would be a little cautious in the near-term. Edited excerpts from his interview with ET Now:
What is your reading of Dr Reddy's numbers?
Apart from the results, one should look at two things. The biggest statement that came from the company was about the rollout of the Sputnik V vaccine. This gives confidence about the future outlook of the company.

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Asian Paints Q3 Preview: Festive Demand-led Strong Volume May Boost Earnings, Push Margin At Record High

Asian Paints Q3 Preview: Festive Demand-led Strong Volume May Boost Earnings, Push Margin At Record High
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Asian Paints Q3 Profit Jumps 62% To Rs 1,238 Crore, Revenue Grows 25% On Festive Demand

Asian Paints Q3 Profit Jumps 62% To Rs 1,238 Crore, Revenue Grows 25% On Festive Demand
moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.

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