UBS keeps buy rating for Asian Paints stock at INR 2,120 target

Published on 10/19/2026 at 09:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 consolidated sales rose 17.90 percent year over year to INR 105.21 billion. Asian Paints stock enters the October 29 results week.

Earnings and valuation markers

UBS maintained its buy rating and set an INR 2,120 target on October 19, 2026.
Asian Paints reported INR 105.21 billion in consolidated sales for the first quarter of fiscal 2026-27, up 17.90 percent year over year.
Asian Paints stock last stood at INR 2,321.60 on NSE at 1:01 p.m. IST on October 19, 2026.

Asian Paints, INE021A01026, Illustration mit AI erstellt.

Asian Paints (ISIN INE021A01026) has an INR 2,120 price target from UBS, which maintained its buy rating in an analyst update dated October 19, 2026, according to The Economic Times. The target gives investors a valuation marker ahead of the company's next scheduled results.

Why the target matters

Asian Paints stock was last quoted at INR 2,321.60 on NSE at 1:01 p.m. IST on October 19, 2026. The UBS target is 9.51 percent below that price, calculated as the difference between INR 2,321.60 and INR 2,120 against the target value.

The latest completed quarter provides the operating backdrop. Asian Paints reported consolidated sales of INR 105.21 billion for the first quarter of fiscal 2026-27, up 17.90 percent year over year, while consolidated net profit rose 40.00 percent to INR 15.39 billion, according to Asian Paints.

Operating signals beyond paint

The company's recent operating agenda also includes a new manufacturing step. Asian Paints reported the commencement of commercial production at its VAE manufacturing facility in Dahej, Gujarat, on September 17, 2026, according to Sharpely. The development adds supply and product capacity to the growth discussion, while the analyst target remains below the latest NSE quote.

What comes next for Asian Paints?

The next scheduled company date is October 29, 2026, when the board is due to consider results for the quarter and half-year ended September 30, 2026. The same meeting is also scheduled to consider an interim dividend, according to the company announcement summarized by Sharpely.

Indian listing and valuation

For investors, the October 29 date places the next earnings release ahead of a fresh test of volume growth, profit expansion and the gap between the current NSE quote and UBS target. Asian Paints was last quoted at INR 2,321.60 on NSE at 1:01 p.m. IST on October 19, 2026.