The Wealth Creation Company - TWCC

30/08/2021

Wishing You all a Happy Krishna Janmashtami!

22/08/2021

Falling crude oil prices and paint stocks have inverse correlation.
Crude oil forms major proportion of raw material cost for the paint industry.
Since Crude oil prices are falling profitability of paint industry will improve. moreover, along with ensuing festive season there would be a good pick up in demand for home-renovation and hence paint consumption will increase.

We can look at Asian Paint, Berger Paint, Kansai Nerolac, Indigo Paints and Shailmar Paints

1) Asian Paint CMP 3112.95, Buy only at or above 3165 SL 2950 Probable Target 3480-3550
2) Berger Paint CMP 819.25, Buy only at or above 835 SL 790 Probable Target 940-1111
3) Kansai Nerolac - CMP 625.50, Buy only at or above 645 SL 610 Probable Target 670-710
4 ) Indigo Paints - CMP 2433 - no views on it.
5) Shailmar Paints - CMP 97.75- no views on it.

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21/08/2021

Wishing you and your family a happy Onam.