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FUNDAMENTAL
STOCKS
Asian Paints Ltd Bajaj Finserv Ltd Balkrishna Ind Ltd
CMP: ` 891.05 (As on 30th Dec, 2016) CMP: ` 2894.85 (As on 30th Dec, 2016) CMP: ` 1102.50 (As on 30th Dec, 2016)
Buy on decline: ` 891-880 Buy on decline: ` 2894-2750 Buy on decline: ` 1102-1060
Target Price: ` 967-1030 Target Price: ` 3095-3160 Target Price: ` 1180-1280
Stop-Loss: ` 850 Stop-Loss: ` 2705 Stop-Loss: ` 1020
Asian Paints Limited is India’s Bajaj Finserv Limited is engaged in Balkrishna Industries Limited is
leading paint company. The the business of promoting financial mainly engaged in the business of
Company is engaged in the business services, such as finance, insurance manufacturing and sellingof tyres. It
of manufacturing, selling and and wealth management, through focuses on the production of a range
distribution of paints, coatings, its investments in subsidiaries and of off-highway tyres that include
products related to home decor, joint ventures. It is also engaged in agricultural, industry, material
bath fittings and providing of the business of generating power handling, forestry, lawn and garden,
related services. The Company's through wind turbines, a renewable construction and earth moving tires.
business segments are paints and source of energy. Its segments Over 95% of the tyre production
home improvement. The home include insurance, windmill, retail is exported under the BKT brand,
improvement segment includes financing, and investments. It is also with the main export markets being
its bath fittings business. Its involved in wind-farm activities. It countries in Western Europe, North
geographical segments are domestic has 138 windmills with an installed America and Australasia including
and international operations. It capacity of approximately 65.2 MW original equipment manufacturers.
manufactures a range of paints for in Maharashtra. The company focuses In the domestic market, the company
decorative and industrial use. Further, on six categories: consumer lending, supplies to all the major construction
the company manufactures, sells, and small and medium enterprise (SME) equipment manufacturers and has a
distributes modular kitchens, as well lending, commercial lending, rural presence in the replacement market
as kitchen components.It offers its lending, fixed deposits and value of the road construction sector.
products primarily under the Asian added services. It serves various The company exports its products
Paints, Berger International, SCIB customers in the financial services to approximately 130 countries
Paints, Apco Coatings, Taubmans, space by providing solutions for worldwide through a network of
and Kadisco brand names.It operates asset acquisition through financing, national distributors. Its products
in over 20 countries and has over 30 asset protection through general include AGRIMAX RT 855, PL
manufacturing facilities, servicing insurance, family protection and 801, EARTHMAX SR 41, EM 934,
consumers in over 65 countries. income protection in the form of life AGRIMAX TERIS and EARTHMAX
and health insurance, and retirement SR 30, among others.
We recommend buying in stock on and savings solutions.
a decline in the range of Rs 891-880 We recommend buying in stock on
with a stop loss of Rs 850. On the We recommend buying in stock on a a decline in the range of Rs 1102-
upside, it can test Rs 967-1030 levels. decline in the range of Rs 2894-2750 1060 with a stop loss of Rs 1020. On
with a stop loss of Rs 2705. On the the upside, it can test Rs 1180-1280
upside, it can test Rs 3095-3160 levels. levels.
7 ARIHANT CAPITAL ¡ JANUARY 2017
