Asian Paints - Missed Estimates; Maintain HOLD
Asian Paints Q2FY24 results were below our estimates. Consolidated sales were flat YoY to Rs 8,479 Cr (Volume grew 6% YoY) owing to weak consumer...
468 Views
HSIE Results Daily: Larsen & Toubro, Asian Paints, Tata Motors, Bajaj Auto
Larsen & Toubro: Larsen & Toubro (LT) reported yet another strong quarter, beating our estimates on all fronts, led by robust execution owing to a...
301 Views
HSIE Results Daily: Larsen & Toubro, Asian Paints, Tata Motors
Larsen & Toubro: Larsen & Toubro (LT) reported yet another strong quarter, beating our estimates on all fronts, led by robust execution owing to a...
195 Views
Asian Paints - Limited Upside Potential; Downgrade to HOLD
Asian Paints Q1FY24 results were strong on all fronts, especially margins. Consolidated sales grew 7% YoY to Rs 9,182 Cr (marginally lower).
174 Views
Consumer Discretionary: Beneath the averages lies the rub
Our discretionary universe is expected to grow by ~15% YoY in Q1FY24. However, beneath the averages lies the rub. Excluding 3 companies the average...
195 Views