Neutral Asian Paints Ltd Book Profit For Target Rs. 3,140 - Sushil Finance
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We had initiated coverage on Asian Paints Ltd. (APL) with a Buy rating on April 29, 2021 at Rs.2,616 for a target price of Rs.3,140 showcasing an upside of ~20%.
With the recent run-up in the share price the stock has met our target price. Hence, we advise our investors to book profits at current levels as we close our recommendation on the stock and change our rating to NEUTRAL.
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