Having started its operations in 1920 as Gahagan Paints & Varnish in Mumbai, Kansai Nerolac Paints is principally engaged in the manufacturing of Paints and is a market leader in Industrial coatings. Its a Fundamentally Good Stock for Long Term also.
Fundamentals:-
CMP is more than Book Value, Graham Number & Intrinsic Value.
Debt is too Less as compare to its reserves.
Dividend giving stock.
ROCE & ROE Good.
Stock PE is less than Industry PE.
Promoters holding is very Good & No promoters are pledged.
Piotroski Score is 7.
Technical:-
Demand Zone is marked as Green shaded horizontal area.
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Five times Price has Bounced from Demand Zone (Each bounce is marked as a Star).
Also 200 monthly EMA coincide with Demand Zone.
Price is expected to bounce from this Strong Demand Zone.
Buy 240 - 220 - 200
Stoploss 190
Tgt 350 - 450
Long Term 700 - 900
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Fundamentals:-
CMP is more than Book Value, Graham Number & Intrinsic Value.
Debt is too Less as compare to its reserves.
Dividend giving stock.
ROCE & ROE Good.
Stock PE is less than Industry PE.
Promoters holding is very Good & No promoters are pledged.
Piotroski Score is 7.
Technical:-
Demand Zone is marked as Green shaded horizontal area.
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Five times Price has Bounced from Demand Zone (Each bounce is marked as a Star).
Also 200 monthly EMA coincide with Demand Zone.
Price is expected to bounce from this Strong Demand Zone.
Buy 240 - 220 - 200
Stoploss 190
Tgt 350 - 450
Long Term 700 - 900
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.