ASAHI SONGWON COLORS LTD (532853& NSE as “ASAHISONG”) (138) On 18 th November 2013, we had recommended this stock at Rs.69, after our recommendation it zoomed to Rs.192 levels on 2 nd November 2014. After demerger again we are recommending this stock. Asahi Songwon Colors Ltd. is in the business of manufacturing pigments. Pigments are basically colourants, adding colour to everything around us, namely ink, paints, plastics, textiles, rubber etc. ASCL was promoted by Mrs. Paru M. Jaykrishna, having rich business experience in the field of manufacturing Pigments & Chemicals and Travel Industry. Mrs. Paru M. Jaykrishna started Pigment Manufacturing activities in 1994 by setting up plant for manufacturing Pigment Green – 7 at Kadi, Mehsana in Gujarat.The company also exports its products to the United States, Europe, and the Asian countries. Company has an equity base of Rs.12.27crore that is supported by reserves of around Rs.105.71crore which is 8.61 times hig