CLSA has reiterated its ‘Underperform’ rating on Asian Paints, setting a target price of ₹2,290 per share, 17% potential downside from the current market price (CMP) of ₹2,767. The brokerage firm highlighted that the company’s recent sales decline is attributed to weaker consumer sentiment. Notably, Asian Paints’ sales growth lagged behind its listed competitors, who reported flat growth during the same period.
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