Asian Paints - Bullish Signals
Asian Paints - Bullish Signals
Fundamentals
MCAP- 303418Cr
PE - 60 > Induustry PE of 53
PEG Ratio is 2.91
Debt to Equity is 0.13 and ICR is 33
ROE is 31%, ROCE is 37% ( 5yr ROCE is 33%)
Sales growth is 1%(stagnant), 5yr Sales growth is 13%
Profit Growth is 9%, 5yr Profit growth is 20%
Promoter holding is rock solid , 52-53%
Latest results - Slightly below estimates
Technicals
CMP - 3170
Bullish - Above EMA 9, 21,63, 200
EMA 63 is just below EMA 200. Expect it to crossover soon.
As seen in charts 3550-3600 is acting as resistance and the stock has failed to cross this level 3 times so far.
2700 is major support. It has bounced back from this level 3-4 times in the last 2 years.
Stock is trading in the range of 2700-3600. With EMA 63 poised to cross EMA 200, I expect the stock to touch 3550 levels in the next few months.
Target :
T1, As per Technicals = 3550
T2 = 4500, If 3600 is breached
Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
Fundamentals
MCAP- 303418Cr
PE - 60 > Induustry PE of 53
PEG Ratio is 2.91
Debt to Equity is 0.13 and ICR is 33
ROE is 31%, ROCE is 37% ( 5yr ROCE is 33%)
Sales growth is 1%(stagnant), 5yr Sales growth is 13%
Profit Growth is 9%, 5yr Profit growth is 20%
Promoter holding is rock solid , 52-53%
Latest results - Slightly below estimates
Technicals
CMP - 3170
Bullish - Above EMA 9, 21,63, 200
EMA 63 is just below EMA 200. Expect it to crossover soon.
As seen in charts 3550-3600 is acting as resistance and the stock has failed to cross this level 3 times so far.
2700 is major support. It has bounced back from this level 3-4 times in the last 2 years.
Stock is trading in the range of 2700-3600. With EMA 63 poised to cross EMA 200, I expect the stock to touch 3550 levels in the next few months.
Target :
T1, As per Technicals = 3550
T2 = 4500, If 3600 is breached
Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.