Stock of Interest

Posted On: September 1, 2023

Stock Report: ASIANPAINT(NSE) 31 Aug 2023

Asian Paints Ltd manufactures and sells a variety of paint and home improvement products. The firm organizes itself into two segments based on product type. The paints segment, which generates the vast majority of revenue, sells interior and exterior paints, metal finish, and wood finish. The home improvement segment sells kitchen and bathroom products. Asian Paints sells its products to distributors and directly to the home improvement industry through the company’s network of retail stores. The majority of revenue comes from India. 

#xCalData predicts that # ASIANPAINT will continue its bearish phase over the next five days and trend within the range of 3183 to 3343. 

In comparison to the previous month, the price of the stock has experienced a decline of 3.59% indicating a bearish. 

The Stock has doubled twice since 15 Jun 2015 and took an average of 2.8 years to double.

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past.

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely Stochastic Oscillator indicate Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days

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