Buy, Sell, Or Hold: IDBI Cap's Brijesh Ail's Insights On Asian Paints, ICICI Bank And Laurus Labs

Asian Paints Ltd., ICICI Bank Ltd. and Laurus Lab Ltd. have a 'buy' recommendation from Brijesh Ail, head - technical and derivatives, Retail Research at IDBI Cap. 

Ail recommends buying Asian Paints at the current market price and suggests setting a stop loss at Rs 2,309 and a target price of Rs 2,490. The company is the undisputed market leader in the paint industry with over 51.7% market share and 1,69,000 dealers. It holds Rs 782 crore in cash and trades at a robust valuation of 36x.

The Indian paints sector has seen a dramatic shift in recent times. The industry is witnessing high competition with JSW’s acquisition of Akzo Nobel’s India operations and the launch of Grasim’s Birla Opus nearly two years ago.

For ICICI Bank, Ail advises a stop loss at Rs 1,433 and a target price at Rs 1,500. The private lender on Friday announced the record date for its highest ever dividend since its stock split in 2014 of Rs 11 per share.

The bank has set the record date as Aug. 12, while the Annual General Meeting has been scheduled on Aug. 30. The board's nod for the dividend is subject to requisite approvals, the bank said in an exchange notification.

Ail recommends buying Laurus Lab with a stop loss at Rs 671 and target price at Rs 745. The Hyderabad-based pharma and biotech company's fourth-quarter profit rose to Rs 234 crore, beating analysts' estimates. The net profit of the company increased 200% year-on-year in the quarter ended Mar 2025.

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