Buy Asian Paints Ltd & Sell Max Financial Services Ltd

Buy Asian Paints Ltd & Sell Max Financial Services Ltd

Asian Paints Ltd (ASPN):

Asian Paints Ltd has officially announced a consolidated sales of Rs. 5,420.28 Cr for the quarter finished on 31-12-2019, which is 7.32% up from its previous quarter sales of Rs. 5,050.66 Cr and 2.39% up from its previous year’s same quarter sales of Rs. 5,293.99 Cr. The firm has also announced its net profit after tax of Rs. 760.50 Cr in the most recent quarter.

Outlook:

Asian Paints Ltd is a buy call with a target of Rs. 1,875 and a stop loss of Rs. 1,770; last traded price: 1,805.70.

Max Financial Services Ltd (MAXI):

Max Financial Services Ltd has officially announced a consolidated sales of Rs. 4,685.87 Cr for the quarter finished on 30-09-2019, which is 18.67% up from its previous quarter sales of Rs. 3,948.68 Cr and 8.59% up from its previous year’s same quarter sales of Rs. 4,315.12 Cr. The firm has also announced its net profit after tax of Rs. 64.36 Cr in the most recent quarter.

Outlook:

Max Financial Services Ltd is a sell call with a target of Rs. 475 and a stop loss of Rs. 515; lat traded price: 505.30.

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