Asian Paints can rally on low crude oil price.
Asian Paints Ltd. manufactures and markets paints and coating products.
Asian Paints CMP is 3101.75. The positive aspects of the company are Company with Low Debt, Annual Net Profits improving for last 2 years, FII / FPI or Institutions increasing their shareholding AND MFs increased their shareholding last quarter. The Negative aspects of the company are High PE (PE=58.6), Declining Net Cash Flow : Companies not able to generate net cash, Highest increase in pledges by promoters AND Companies with growing costs YoY for long term projects.
Partial entry/tracking quantity can be taken after closing above 3105. Main entry can be taken after closing above 3152. Targets in the stock will be 3221 AND 3304. The long-term target in the stock will be 3368 AND 3423. Stop loss in the stock should be maintained at Closing below 2848 or 2671 depending upon your risk taking ability. Asian paints is considered by many as a portfolio stock due to its huge market share and deep penetration in the market.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Asian Paints CMP is 3101.75. The positive aspects of the company are Company with Low Debt, Annual Net Profits improving for last 2 years, FII / FPI or Institutions increasing their shareholding AND MFs increased their shareholding last quarter. The Negative aspects of the company are High PE (PE=58.6), Declining Net Cash Flow : Companies not able to generate net cash, Highest increase in pledges by promoters AND Companies with growing costs YoY for long term projects.
Partial entry/tracking quantity can be taken after closing above 3105. Main entry can be taken after closing above 3152. Targets in the stock will be 3221 AND 3304. The long-term target in the stock will be 3368 AND 3423. Stop loss in the stock should be maintained at Closing below 2848 or 2671 depending upon your risk taking ability. Asian paints is considered by many as a portfolio stock due to its huge market share and deep penetration in the market.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
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