Asian Paints: Asian Paints slumps on CLSA’s sell rating

Asian Paints: Asian Paints slumps on CLSA’s sell rating

Mumbai: Shares of Asian Paints slumped 3.9% on Monday after brokerage CLSA downgraded its rating on the stock to ‘sell’ following the entry of Birla Opus into the industry. The firm slashed its price target to ₹2,425 from ₹3,215, implying a downside of over 15% from Monday’s closing price of ₹2,868.40. “Birla Opus is the … Read more