Jefferies has upgraded Asian Paints to ‘buy,’ foreseeing a potential 14% upside, citing stabilizing competition and easing input costs. Despite recent underperformance and challenges from Grasim’s Birla Opus, a cyclical upturn in fundamentals is expected. The brokerage anticipates improved consumption, gross margins, and earnings growth for Asian Paints, making it a contrarian pick.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets