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Asain Paint Ltd Technical AnalysisAbout Set up in 1942, the Asian Paints group is the largest paint manufacturer in India also engaged in the business of manufacturing of varnishes, enamels or lacquers, surfacing preparation, organic composite solvents and thinners. It operates in 15 countries and has 26 paint manufacturing facilities in the world serving consumers in over 60 countries. Besides Asian Paints, the group operates around the world through its various brands viz. Asian Paints Berger, Apco Coatings, SCIB Paints, Taubmans, Causeway Paints and Kadisco Asian Paints. It also manufactures metal sanitary ware such as bath, sinks, washbasins and similar articles. Recently introduced Lightings, Furnishings and Furniture thus adding more products in the Home décor and Interior PROS Company is expected to give good quarter Company has a good return on equity (ROE) track record: 3 Years ROE 25.8% Company has been maintaining a healthy dividend payout of 52.6% CONS Stock is trading at 23.7 times its book value
NSE:ASIANPAINTLong
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