Wednesday, 28 January 2015

Prediction on Indian Stock Market Trading Tips

Asian Paints gains as much as 2.5 pct, hits record high.Credit Suisse upgrades stock to "outperform" from "neutral".Raises target price to 1,020 rupees from 710 rupees.Incorporates new estimates of crude prices at $58 for 2015 and $75 for 2016.Says company's margins to rise as over 70 pct of input costs trending down.Stock up 20 pct YTD vs 7.6 pct for India's NSE index.Trades at 42.62x 1-yr forward earnings vs 34.48x for rivals.

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