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.
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that's a good consolidation zone you can marked on chart then see what happen after some days
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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.