Asian Paints may slip to Rs 3010: Rohit Shinde

Asian Paints may slip to Rs 3010, says Rohit Shinde of Nimbus Wealth Management.

Shinde told CNBC-Awaaz, "Investors should sell Asian Paints with a stoploss of Rs 3160. The stock is looking weak and it may go down to Rs 3010 in future."
The company's trailing 12-month (TTM) EPS was at Rs 85.97 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 36.07. The latest book value of the company is Rs 205.93 per share. At current value, the price-to-book value of the company was 15.06. The dividend yield of the company was 1.03%.