Underperform rating to Asian Paints shares as demand brightens: Jefferies

Oct 28 2013, 14:18 IST
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Asian Paints Ltd Q2 FY14 indicates a stronger and steadier demand environment than earlier anticipated. Asian Paints Ltd Q2 FY14 indicates a stronger and steadier demand environment than earlier anticipated.
SummaryOutlook remains cautious on profitability despite increased demand visibility.

remain steady at current levels, which we believe is at risk. Maintain Underperform. Risks: (i) Faster revival in demand, and (ii) higher margin gains than expected.

—Jefferies

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