Asian Paints shares have risen 15.53% in the last 12 months and 24.99% year-to-date. (Photo: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Asian Paints Ltd. on Thursday rose 4.6% after it delivered a strong September-quarter performance, with broad-based growth and sharp margin gains, prompting most brokerages to raise price targets.

The company's consolidated net profit surged 43% to Rs 994 crore in the July-September quarter, compared to Rs 695 crore in the corresponding quarter last year. The bottomline beat the Bloomberg consensus estimate of Rs 887 crore.

Revenue increased 6% to Rs 8,531 crore versus Rs 8,028 crore last year, also beating analyst estimates.

Citi maintained a 'sell' rating, hiking its target price to Rs 2,250 from Rs 2,150, noting that gro

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