Why Asian Paints Shares Hit 52-Week High Today?

Published: Tuesday, September 7, 2021, 10:56 [IST]

Asian Paints' stock rose over 2% in early trade on September 7 to a 52-week high of Rs 3,393.70, as foreign research institution Credit Suisse maintained an outperform call on the stock with a target of Rs 3,650 per share.

According to the research firm, demand continues to be buoyant, with waterproofing being a significant growth sector. Given its considerable pricing power, it does not expect long-term harm to margin.

Why Asian Paints Shares Hit 52-Week High Today?

According to Credit Suisse, the early festive season in FY22, as well as some pent-up demand, should help Q2 demand.

The trailing 12-month (TTM) EPS for the company was Rs 35.41 per share. (June 20, 2021) The price-to-earnings (P/E) ratio of the company was 94.73. The company's current book value is Rs 126.05 per share.

The stock returned 151.94 percent over three years, compared to 48.94 percent for the Nifty 100 index. Asian Paints Ltd., founded in 1945, is a Large Cap firm in the Building Materials industry with a market capitalization of Rs 318,026.82 crore.

Since Oct. 16, 2000, Asian Paints Ltd. has given 45 dividends. Asian Paints Ltd. has declared an equity dividend of Rs 17.85 per share in the last 12 months. This translates to a dividend yield of 0.53 percent at the current share price of Rs 3352.90.

ICICI Securities and Yes Securities both gave the stock a buy rating last week, with target prices of Rs 3340 and Rs 3320, respectively.

ASIAN PAINTS LTD FUNDAMENTALS
Parameter	Values
Market Cap (Rs. in Cr.)	321686.16
Earning Per Share (EPS TTM) (Rs.)	35.41
Price To Earnings (P/E) Ratio	94.71
Book Value Per Share (Rs.)	107.92
Price/Book (MRQ)	31.08
Price/Earning (TTM)	78.39
ROCE (%)	38.55
PAT Margin	14.11
Dividend Yield	0.53
Face Value	1