Enquire Now

Technical Report on Asian Paint By Shyam Advisory

December 13, 2021

Asian Paint 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 Design category.

ASIAN PAINT 1 - Shyam Advisory
Technical View: The stock is near to breakout , Structure look positive , RSI
divergence indicate buying signal and MACD crossover is supporting trend,
Classical ascending traingle pattern exit we expect breakout in near term.
Volume analysis:- One month averaged delivery volume increase by 25.3% % and
one day delivery volume increase by 48.06% over 5 day average, which show stock is
building up positive momentum, Hence; we recommend “BUY’ signal only above
3300 for the target of 3472 ,3500 With Stop loss below 3133.
Moving Averages :-Asian Paints Ltd. is trading higher than 5 day, 20 day, 50 day,
100 day and 200 day moving averages.
5 Day 3,094.53 50 Day 3,170.90 200 Day 2,921.13
20 Day 3,143.35 100 Day 3,150.80
Date:- 13/12/2021
Shareholding pattern:-

ASIAN PAINT 2 - Shyam Advisory
Promoters holding 57.29%, The proportion of Promoter pledged shares has
decreased by -1.1089%hange in Promoter holding.
Key Statistics
P/E Ratio
1-Yr Return
(Best) P/E Ratio
30 DA Vol (m)
(Best) PEG Ratio
EPS (Rs.)
Shares Outstanding (cr)
Best EPS Curr (Rs.)
Price/Book Ratio
Price/Sales Ratio
Last Dividend