Asian Paints shares see target price cuts by Jefferies, Goldman Sachs, other brokerages after Q2 results. Buy, sell or hold?

Asian Paints has reported a year-on-year profit growth of 7% for the second quarter of FY 2027. Revenue surged by around 17%, although expenses climbed by 19%, underscoring the challenges posed by inflation. Despite brokerages adjusting their target prices, the company declared an interim dividend of Rs 5.75 per share and hinted at upcoming price hikes.