Can we Buy Asian Paints??

September 7, 2020
Category: video

A brief analysis of strengths & weakness in Asian Paints stock, which shows it is not a good stock to buy at current prices. It has a lesser dividend yield and an extended PE. Fund managers are not committed to their positions in it. Yet the media is gung ho about this stock. We can buy Asian Paints for a lifetime holding when the price reaches 60 PE. It is not a stock to hold for dividend yield, though the company pays out over 50% of its profits because of the high price the stock commands always. it has never failed its investors, while needs the patience to buy at an attractive price.