According to our analysis the best stocks for swing trading this week 6 are Berger Paints India Ltd. and CAMS ( Computer Age Management Services Ltd.)
| Berger Paints India Ltd. | CAMS ( Computer Age Management Services Ltd.) |
| Berger Paints Ltd. can rise by approximately 23% from the current price in the upcoming days, as per our research based on Swing Trading Strategies. | CAMS can show an upside movement of approximately 34% from the current price in the upcoming days, as per our research based on Swing Trading Strategies. |
Stocks for Swing trading –
Best stocks for swing trading this week – 4
Best Stocks For Swing Trading This Week – 5
Two important key points explain why we believe and stand by the above statement::
| Berger Paints India Ltd. | CAMS ( Computer Age Management Services Ltd.) |
| Berger Paints India Ltd. has recently posted the highest-ever quarterly results with sales of 2882 cr. at a sales growth of 7% from last quarter, and net profit increased by 50% to 300 cr. | Cams has posted the highest quarterly results, with a revenue growth of 15% to 269 Cr. and a net profit of 86 Cr, with a growth of 21%. |
Berger Paints and CAMS ( Computer Age Management Services Ltd.) profits are growing regularly, which is why it is simple to understand that the stock price will eventually follow the growth of the company.
Note – The information is for education purposes only. We are not a SEBI-registered advisory. Please consult your financial advisor before trading or investing money in the stock market.
Berger Paints India Ltd:-
Berger Paints India is engaged in the Manufacturing and selling of Paints.
KEY POINTS –
1. Market Position
At number two in India, number four in Asia, and number seven globally in the decorative paint industry, Berger Paints is a major paint manufacturer.
2. Leadership
Berger derives ~80-85% of its topline from decorative paints while the rest comes from the industrial segment.
3. Wide distribution network
With over 50,000 dealers and retailers and 180 stock locations, Co. has a distribution network spanning across India.
4. International presence
Co. is present internationally in eight nations, including some European nations, Bangladesh, Nepal, and Russia. Approximately 8% of total revenue in FY22 came from foreign markets.
5. Focus on the Product Segment
For protective coating, Berger has partnerships with Valspar, Orica, DuPont, Nippon Bee Chemicals, Tigerwerke, and Becker. Additionally, the business has joint ventures for plastic coatings with Nippon Bee Chemicals and auto coatings with Nippon Paint Automotive Coatings Co.
Fundamentals of Berger Paints India Ltd: –
( For a better understanding of fundamentals you can visit screener.in )
| Berger Paints India Ltd. Fundamentals |
|---|
| Market Cap – ₹ 67,370 Cr. |
| Stock P/E – 59.5 |
| Current Price – ₹ 578 |
| High / Low – ₹ 680 / 471 |
| Book Value – ₹ 41.5 |
| Debt to Equity –0.24 |
| Return on Equity – 10 Years – 23% |
| Return on Capital Employed – 10 years – 27.1 % |
| Compounded Profit Growth – 10 years –15% |
| Stock Price CAGR – 10 years – 25% which is excellent. |
| Institutions Shareholding Holding – 15% which is good. |
Technical Analysis of Berger Paints India Ltd.: –
As you can see from the chart below, The Stock is making a beautiful Cup with Handle pattern.
( For a better understanding of charts you can visit tradingview.com )
- Entry – 574 or below
- Exit – 710
The company is posting good profits as per the scenario The stock once tried to achieve the target but as the whole market went down it also fell. But it will definitely achieve the target in the upcoming days as the company’s profits are growing regularly. It’s a temporary situation because all chemical companies are under pressure because of the high RPO rates, but the situation will change in the coming days and the stock will fly in no time after that. That’s why this stock is the best fit to buy as per our tried and tested Cup with Handle strategy. It can show an upside move of 23% to the target of 710 approx for the near future.
This is the reason why we can say that Berger Paints is one of the best stocks for swing trading this week 6.
Note – The information is for education purposes only. We are not a SEBI-registered advisory. Please consult your financial advisor before trading or investing money in the stock market.
CAMS (Computer Age Management Services Ltd):-
The business is a mutual fund transfer service provider. It offers services to distributors, investors, and asset management companies (AMCs).
KEY POINTS –
1. Leadership
India’s leading mutual fund registrar and transfer agent, holding approximately 69% of the market.
2. Services offers
In addition to dividend processing, transaction origination interface, payment, dividend processing, intermediary empanelment, report generation, investor interface, settlement and reconciliation, compliance-related services, and brokerage computation, CAMS currently offers technology-based services.
3. CAMS KRA
Offers services for KYC. The business offers the “10-Minute KYC”—the first AI-enabled KYC solution in the industry—to onboard customers instantly. For banks, NBFCs, insurance, fintech, brokerage, wallets, and payment banks, it offers KYC services.
4. Revenue Model
The company levies a set fee that the AUM determines that the mutual fund company manages. As a result, the company’s revenue increases with the AUM of its clients.
5. Geographical Presence
Co. has a pan-India physical network comprising 280 service centers spread over 25 states and 5 union territories
Fundamentals Of CAMS:-
( For a better understanding of fundamentals you can visit screener.in )
| CAMS ( Computer Age Management Services Ltd.) |
|---|
| Market Cap – ₹ 14,743 Cr. |
| Stock P/E – 47.3 |
| Current Price – ₹ 3,000 |
| High / Low – ₹ 3,242 / 2,002 |
| Book Value – ₹ 163 |
| Debt to Equity –0.10 |
| Return on Equity – 10 Years -37% |
| Return on Capital Employed – 10 years – 47.0 % which is phenomenal. |
| Compounded Profit Growth – 10 years –15% |
| Stock Price CAGR – 03 years – 16% |
| Institutions Shareholding Holding – 70% which is very good. |
As you can see from the above, the company’s foundation looks good. After careful analysis, we firmly believe this is one of the best stocks for swing trading this week 6
Technical Analysis of CAMS: –
According to our technical analysis, CAMS is making a couple of cups with handle patterns; hence, it has been proven that the stock is in a bull trend. And it will hit its target in the near future. As you can see in the chart below:-
( For a better understanding of charts you can visit tradingview.com )
- Entry – 2968 or below
- Exit – 3906
As per Our tried and tested Cup with-handle Strategy CAMS has already made two Cups with handle patterns and, is in the middle to form a third one. As for now, we will calculate the target as per the 2nd pattern. CAMS profits are growing regularly, and results are good. All these strong fundamentals will support the price to move upward. CAMS can show an upside move of 34% to the Target of 3906 in the near future.
This is the reason why we strongly say that CAMS is one of the best stocks for swing trading this week 6.
Note – The information is for education purposes only. We are not a SEBI-registered advisory. Please consult your financial advisor before trading or investing money in the stock market.
CONCLUSION –
Swing trading methods have shown time and time again to offer an infinite number of trading chances in the stock market. We discussed all the key elements that made CAMS and Berger Paints the best stocks for swing trading this week in this article. Both equities are attractive from a fundamental and technical standpoint, and there is a reasonable chance they will move higher. Thus, traders should seize this excellent opportunity to trade.
Cheers to your future investments!
Happy investing!!!
