Jefferies has reiterated its ‘Underperform’ rating on Asian Paints, setting a target price of ₹2,100 per share, indicating a potential 24% downside from the current market price (CMP) of ₹2,767. The brokerage highlighted a significant miss in the company’s Q2 performance, noting discrepancies across various profit and loss statement components. Jefferies also expressed concerns about increasing competition, which it believes could obscure the company’s future outlook.
Disclaimer: This information is for informational purposes only and does not constitute financial advice.
