ASIANPAINT

Asian Paints has staged a remarkable comeback post its quarterly results. The share price has registered a 20% growth in the last 1 month which comes on the back of a string volume growth and about 40% increase in prodit on a YoY basis. This has led to many prokerages upgrading their stock price target for Asian Paints. Investors should however be watchful of the rising PE ratio and take calls accordingly.