Asahi waiting for the Volumes can be increased slowlyAsahi India Glass Ltd. CMP – 566.85
Market Capitalization Rs 13,779.6Cr
Red Flags:🟥
High Valuation (P.E. = 40.1)
Declining cash from operations annual
Green Flags:🟩
Low debt
FIIs are increasing stake
MFs are increasing stake
Improving annual net profit
Previous Happy Candles Number – 32/100
New Happy Candles Number – 57/100
Fresh Entry/ averaging / compounding after closing above 574
Targets: 589 and 607
Long term target: 627 and 651
Stop loss: Closing below 545
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