Add Indigo Paints, target price Rs 1,370: ICICI Securities

ICICI Securities maintains an 'Add' call on Indigo Paints, setting a target price of Rs 1370. Currently priced at Rs 1113.3, the company has shown a 13.50% rise in quarterly income but a 3.10% year-over-year decline. Projected sales and earnings growth are 10% and 8% respectively by FY27. Promoters hold 53.92% stake with FIIs and DIIs owning 12.5% and 17.