Comments
The Asian Paints share has risen to a record high on a Credit Suisse upgrade.
The scrip has gained as much as 2.5 per cent. Credit Suisse has upgraded the stock to "outperform" from "neutral".
The target price has been raised to Rs 1,020 rupees from Rs 710.
The upgrade incorporates new estimates of crude prices at $58 for 2015 and $75 for 2016.
It says the company's margins are set to rise over 70 per cent as input costs trend down.
The stock is up 20 per cent YTD as against a 7.6 per cent rise in the NSE index.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.