Espresso Shot of the Day - Asahi India Glass Ltd up by 10.48 percent

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Espresso Shot of the Day - Asahi India Glass Ltd up by 10.48 percent

June 24, 2022
Espresso Shot of the Day - Asahi India Glass Ltd up by 10.48 percent

ASAHI INDIA GLASS LTD 537.85  (+10.48%) BSE – INE439A01020 | 24TH JUNE 2022

https://www.myespresso.com/images/Binge-graph-image_-Asahi-india-glass-202206241847385002537.jpg

Asahi India Glass Ltd (AIS) is India’s leading integrated glass and windows solutions company and a dominant player both in the automotive and the building & construction segments. Our product solutions spanning the entire breadth of automotive, building & construction, and consumer glass are designed to deliver aesthetics and functional benefits. It combines modern-day elements with the brand’s heritage, thus garnering immense enthusiasm amongst global motorcyclists.


Recent Drivers

  • On May 25,2022, the company reported a quarterly Net Profit of Rs. 128.08 crores in March 2022, up 51.34% from Rs. 84.63 crores in March 2021.
  • On May 25,2022, the Net Sales reported was Rs 943.64 crores in March 2022, up 15.81% from Rs. 814.85 crores in March 2021.
  • On May 25,2022, the Board of the company approved capacity expansion by agreeing to set up a greenfield float glass plant.
  • On May 25,2022, the company approved a dividend of Rs.2/- per equity for the financial year 2021-22.
  • The Board of Asahi India Glass approved 100% acquisition of Shield Auto Glass Ltd on 25th May 2022.

(Sources: BSE, Moneycontrol)


Technical Force*

  • S&P BSE 500 month till date lose by -5.66%
  • 3 months avg. NSE volume: 2,24,622
  • Quantity traded: 75,090| Deliverable quantity: 13,771 (18.34%)
  • Stock price jumped by more than 70% from a one-year low level: 311.95 (June 28, 2021)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 612.70| 52-week-low: 311.95


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

868.13

700.57

590.73

423.17

313.33

145.77

35.93

    -

Fibonacci Pivot

700.57

594.60

529.13

486.97

423.17

359.36

317.20

251.73

145.77


Today’s Close

537.85

SMA

BSE

10 DAY

467.69

20 DAY

460.97

50 DAY

448.30

200 DAY

453.32


Some Key Ratios (Source: BSE)

Market Cap: 13,074.59 Crores

PE: 37.61

OPM%: 27.44

ROE%: 19.18

Promoters holding%: 54.24

Prev. Close: 486.85


The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Private Ltd. is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.