Indigo Paints Q2 Results Review - Attractive Valuations; Upgrade To ‘Accumulate’: Dolat Capital

Motilal Oswal recommended Neutral rating on Indigo Paints with a target price of Rs 2025 in its research report dated August 08, 2023.

Neutral Indigo Paints; target of Rs 2025: Motilal Oswal

Sharekhan is bullish on Indigo Paints has recommended buy rating on the stock with a target price of Rs 1850 in its research report dated August 08, 2023.

Buy Indigo Paints; target of Rs 1850: Sharekhan

ICICI Securities recommended reduce rating on Indigo Paints with a target price of Rs 1500 in its research report dated August 08, 2023.

Reduce Indigo Paints; target of Rs 1500: ICICI Securities

Brokerage firm Nuvama Institutional Equities retained a Buy rating on the Indigo Paints scrip, setting a 12-month target price of Rs 1,970, as the results exceeded their consensus estimates.

Shares of Indigo Paints gain 2% post robust Q1 numbers

Indigo Paints Standalone June 2023 Net Sales at Rs 277.02 crore, up 23.67% Y-o-Y

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Motilal Oswal is bullish on Indigo Paints recommended buy rating on the stock with a target price of Rs 1700 in its research report dated May 29, 2023.

Buy Indigo Paints; target of Rs 1700: Motilal Oswal

Sharekhan is bullish on Indigo Paints has recommended buy rating on the stock with a target price of Rs 1700 in its research report dated May 29, 2023.

Buy Indigo Paints; target of Rs 1700: Sharekhan

The 30-share BSE Sensex pack rose 210 points or 0.35 per cent to trade at 59,778, while the broader NSE Nifty moved 52 points or 0.29 per cent up to trade at 17,671. Mid- and small-cap shares were up as Nifty Midcap 100 rose 0.16 per cent and small-cap gained 0.27 per cent.

Sensex rises over 200 points, Nifty trades above 17,650; Indigo Paints, Mastek jump up to 9%

Stocks to watch out for today: Bajaj Finance, HCL Technologies, Reliance Industries, Cyient, JSW Steel, Indigo Paints, RailTel and more

Reliance Industries, Bajaj Finance, JSW Steel, RailTel among stocks to watch out for today

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Indigo Paints is an India-based paint manufacturing company. The Company products include interior emulsions, exterior emulsions, enamels, putties and primers, sleek wood coatings, ceiling coat, roof coat and floor coat paint.