Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I am no longer upbeat on Asian Paints. The chances are that it is going to do what IT is now doing, slowly become choppy and go into a huddle, in a distribution pattern. So people who have this stock in a trading sense should probably consider slowly exiting."
On September 26, 2013 Asian Paints closed at Rs 479.25, up Rs 0.75, or 0.16 percent.
The share touched its 52-week high Rs 524.70 and 52-week low Rs 403.10 on 30 July, 2013 and 28 August, 2013, respectively.
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