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IRCTC, Zomato, Asian Paints, Siemens, IFB Industries, Godrej Properties, DLF, Aditya Birla Capital, Know Share Target Price For Stocks In Trending

IRCTC Stock: Buy call for IRCTC shares with a target price of Rs 1,120 with a perspective of 12 months.

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Why Asian Paints share price is correcting despite positive Q3 results

Asian Paints failed to in-cash benefit of fall in crude oil and other raw material prices as muted demand pared this favourable business environment of the chemical major

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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.
ETMarkets.com
NSE
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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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