Nestlé is the world’s largest food and beverage company, with more than 2000 brands ranging from global icons to local favourites, and they are present in 191 countries around the world. NESTLÉ India is a subsidiary of NESTLÉ S.A. of Switzerland. With eight factories and many co-packers, Nestlé India is a vibrant Company that provides consumers in India with products of global standards.
Quick Check
Open
19,968.00
TTM EPS
113.39
Previous Close
19,805.35
TTM PE
16.05
Volume
76,755
P/B
1.04
Value (Lacs)
15,536.56
Face Value
2
VWAP
20,103.71
Mkt Cap (Rs. Cr.)
1,95,162
Beta
0.54
Dividend Yield
0.99
High
20,294.95
20D Avg Volume
67,685
Low
19,844.20
20D Avg Delivery (%)
59.64
UC Limit
21,785.85
Sector PE
74.06
LC Limit
17,824.85
Book Value Per Share
216.2
52 Week High
21,050.00
52 Week Low
16,000.00
Technical Outlook
NESTLEIND is structurally quite strong on Positional & Mid-term charts
On Mid-term Time-Frame, the counter has decent strong support at around 18500 levels with potential targets of 22500 & major 25000 levels in the next few months.
On the short-term time frame, the bias remains “Range to Positive” above 19500 for a potential target of 22500. Traders can look for buying on dips towards 19800 & lower, keeping a stop below 19500 on weekly closing.
As per Option Study NestleInd Spot has decent support at around 19000 levels while Resistance is at around 21000 levels for the Dec series.
Counter
NESTLE LTP 20247
Call
BUY-ON-DIP towards 19800 – 19600
Target 1
22500
Target 2
25000
Stop Loss
19500
Time Horizon
Approximate 3 months
Notes
Exit can be considered if counter trades below stop-loss for 60 minutes.
Asian Paints manufactures a wide range of paints for decorative and industrial use and also offers Wall Coverings, waterproofing, adhesives and services under its portfolio. The company is also in the Home Improvement and Decor segment and offers bath and kitchen products. The company also introduced lightings, furnishings and furniture in its portfolio. In the Health and Hygiene segment, Asian Paints offers a range of Sanitizers and Surface Disinfectants.
Quick Check
Open
3,235.00
TTM EPS
38.22
Previous Close
3,221.45
TTM PE
84.43
Volume
8,47,879
P/B
21.8
Value (Lacs)
27,360.63
Face Value
1
VWAP
3,228.50
Mkt Cap (Rs. Cr.)
3,09,528
Beta
0.8
Dividend Yield
0.59
High
3,242.35
20D Avg Volume
9,60,311
Low
3,206.00
20D Avg Delivery(%)
57.97
UC Limit
3,543.55
Sector PE
88.3
LC Limit
2,899.35
Book Value Per Share
148.03
52 Week High
3,590.00
52 Week Low
2,560.00
Technical Outlook
ASIANPIANTS has been in a consolidation phase since Aug-22
The counter has been well above 3000 levels for the last four months & indicates a “Range to Positive” outlook on charts. One can look for a “Long Hedged Option Strategy” on dips.
The counter can be looked for “Accumulation” with delivery and for trading long bets on dips.
As per the Price study, the counter has initial Target cum resistance at around 3380, followed by a major mid-term hurdle of 3580 levels &
Broader outlook “Accumulates” above 3080 for mentioned potential higher levels in weeks to come.
Counter
ASIANPAINTS LTP 3227
Call
BUY-ON-DIP towards 3100 – 3000
Target 1
3380
Target 2
3580
Stop Loss
3080
Time Horizon
2-3 weeks
Notes
Exit can be considered if counter trades below stop-loss for 60 minutes.
