Asahi India Glass — “Demand Revival + Volume Spike Sets Up Strong Upside

(₹1052) Technical View: A sharp volume spike (4.7M) and breakout above ₹1000 signals strong buying strength. Price is trending above the 20-EMA, confirming trend continuation. Resistance levels ahead: ₹1120 → ₹1180. Support rests at ₹990. The OBV trend is steadily rising, indicating persistent accumulation. Fundamental View: Asahi is a leader in automotive & architectural glass. Auto demand recovery + premium product mix are supporting revenue growth. Margins improved due to cooling energy costs. Capex in value-added products remains a long-term catalyst. Analyst Sentiment: → Rating: Positive → Target Range: ₹1150–₹1250 → Risk: Energy price volatility