Investment Pick for long term Sirca Paint || Next Asian Paints

٦ يونيو ٢٠٢٣

Sirca paints result has come very very attractive as usual. Chart also looking very attractive. We have seen multiple supports in the range of 275-305, and the recently price again has taken support in this range only and made a W kind of a pattern, both bottoms i have marked on chart. Price and action suggest a huge move in coming days. Might be tomorrow only we can see some huge upside more than 2%. Well Management is good, company is zero debt, Price is also attractive just price to earning ratio shows some expensive valuation but in this industry i have seen always a expensive valuation but still all stocks of this industry always making higher highs, means always making new highs. So trading point of view i have marked everything on chart. But this stock has potential to become like asian paints in future. So this could be a best investment pick for long term. If anyone wants to go long can go with given levels. Always follow stop loss.

Market Cap
₹ 1,736 Cr.
Current Price
₹ 317
High / Low
₹ 400 / 202
Stock P/E
37.6
Book Value
₹ 48.4
Dividend Yield
0.32 %
ROCE
25.3 %
ROE
18.8 %
Face Value
₹ 10.0
Debt
₹ 0.00 Cr.
EPS
₹ 8.41
PEG Ratio
1.99
Promoter holding
67.6 %
Intrinsic Value
₹ 216
Pledged percentage
0.00 %
EVEBITDA
25.3

PROS

Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 18.9% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 17.8%
Debtor days have improved from 88.9 to 70.0 days.

CONS

Company has a low return on equity of 13.9% over last 3 years.

If anyone likes my work then please hit like and follow for more updates like this on investment and trading. Comment your thoughts on this idea.
Thankyou.

Disclaimer:- Please always consult with your financial advisor before initiating any trade.

٨ يونيو ٢٠٢٣

تعليق

Han ji kisne kisne buy kia...abi bi mauka haikrlo bad me nahi milne wala,,317 pe buy krne ko bola tha ab dekho kanha aa gya h made high 352 somewhere

١٧ يونيو ٢٠٢٣

تعليق

٢٨ يوليو ٢٠٢٣

تعليق

next target 400

٢٢ أغسطس ٢٠٢٣

تعليق

what do you say guy's about this