ASIANPAINT
ASIANPAINT
bottom fishing stock . strong buy for long term
this time is Recommendation ACCUMULATE
my study point
Asian Paints is the largest home decor company in India.
1) Company has a good return on equity (ROE) track record: 3
Years ROE 26.1%
2) Company has been maintaining a healthy dividend payout of
58.4%
3) good support zone
holdings :-)))
a) Promoters 53%
b)FIIs & DIIs 28%
c) Public 19 %
main ponit is Government hold 0.06% stakes
Sector: Paints/Varnish - Top one
Industry: Paints / Varnishes - Top one
A) Sharekhan recommended Hold rating on Asian Paints with a target price of Rs 3490 in its research report dated January 17, 2024.
B)Motilal Oswal recommended Neutral rating on Asian Paints with a target price of Rs 3340 in its research report dated January 18, 2024.
.If You LIKE MY Idea …please…Boost its for motivation for study .
for MORE check in my TradingView ID
“Disclosure : I am not Sebi-registered.” This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts /calls , please consult your financial advisors. Thank you
bottom fishing stock . strong buy for long term
this time is Recommendation ACCUMULATE
my study point
Asian Paints is the largest home decor company in India.
1) Company has a good return on equity (ROE) track record: 3
Years ROE 26.1%
2) Company has been maintaining a healthy dividend payout of
58.4%
3) good support zone
holdings :-)))
a) Promoters 53%
b)FIIs & DIIs 28%
c) Public 19 %
main ponit is Government hold 0.06% stakes
Sector: Paints/Varnish - Top one
Industry: Paints / Varnishes - Top one
A) Sharekhan recommended Hold rating on Asian Paints with a target price of Rs 3490 in its research report dated January 17, 2024.
B)Motilal Oswal recommended Neutral rating on Asian Paints with a target price of Rs 3340 in its research report dated January 18, 2024.
.If You LIKE MY Idea …please…Boost its for motivation for study .
for MORE check in my TradingView ID
“Disclosure : I am not Sebi-registered.” This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts /calls , please consult your financial advisors. Thank you
Note
that's a good consolidation zone you can marked on chart then see what happen after some daysNote
Shares of Asian Paints continued its downward spiral, falling around 7 percent in the past four days as Grasim's foray into the paints business has sparked fears of increased competitive intensity in the sector.Trade closed manually
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