Asahi Songwon Colours looking to add a positive vibe.
Asahi Songwon Colors Ltd. is a leading player in the Indian Pigment industry. The company's principal manufacturing facilities Vadodara, produce CPC Blue Crude and Beta Blue pigment which have an installed capacity of 11400 tonnes per annum.
Asahi Songwon Colors CMP is 242.10. The Negative aspects of the company are high valuation (-P.E. = 13.5) and declining annual net profits. The positive aspects of the company are low debt, improving cash from operations and zero promoter pledge.
Entry can be taken after closing above 249. Compounding can be done after closing above 261Targets in the stock will be 271 and 282. Long term target in the stock will be 297. Stop loss in the stock should be maintained at closing below 220.
Asahi Songwon Colors CMP is 242.10. The Negative aspects of the company are high valuation (-P.E. = 13.5) and declining annual net profits. The positive aspects of the company are low debt, improving cash from operations and zero promoter pledge.
Entry can be taken after closing above 249. Compounding can be done after closing above 261Targets in the stock will be 271 and 282. Long term target in the stock will be 297. Stop loss in the stock should be maintained at closing below 220.
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