BUY Call : Asian Paints - Safe Bet

CMP / Reco Price : 2020 (202 After Split)
Target : 300
Time Span : 1 year

Asian Paints Limited manufactures a wide range of decorative paints, varnishes, enamels, and black & synthetic resins. The Company, through its subsidiaries, also manufactures specialty industrial chemicals and vinyl pyridine latex products which are used in the manufacture of rubber tires.
Asian Paints commands 55% market share in Paint industry. They doubled their bottom line (Net Profits) YoY by improving their margin. Margins are expected to continue along the same lines henceforth driving growth. The stock rarely corrects 5-10 %. Its one such opportunity now. Investment returns will be slow, steady and safe.