Asian Paints rises after Macquarie maintains outperform rating; sets target at Rs 3,800
In its brokerage report, Macquarie said that it expects the company's volume growth in the second half to be driven by festive demand in Q3 and an increase in exterior painting during the fourth quarter. It further said that the double-digit growth for the company is expected to sustain over the next five-seven years.
Asian Paints shares were trading higher by 1.73 per cent, or Rs 55.75, at Rs 3281.95 each on BSE at 10:55 am on Wednesday. Photo: Official website/Represetational