Asian Paints | As of February 3, the stock was trading at Rs 2463.25, which is still 17 percent away from its 52-week high of Rs 2871.40.
ICICI Direct has come out with its fourth quarter (January-March’ 21) earnings estimates for the Consumer Discretionary sector. The brokerage house expects Asian Paints to report net profit at Rs 861 crore up 79.3% year-on-year (down 32% quarter-on-quarter).
Net Sales are expected to increase by 23.8 percent Y-o-Y (down 15.5 percent Q-o-Q) to Rs 5,739.1 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 15.1 percent Y-o-Y (down 27.4 percent Q-o-Q) to Rs 1,298.7 crore.
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