Add Asian Paints to portfolio, says Mehraboon Irani

Mehraboon Irani of Nirmal Bang Securities told CNBC-TV18, "Asian Paints, I think is a pure investor stock. After doing nothing much for over two years because it was a little bit expensive in terms of valuations, the numbers which the company has announced, has made the stock move. A stock which can still be added by investors in their portfolio, maybe not for short-term gains right now because other names also are there which are equally good and possibly more attractive in terms of valuations.""Akzo Nobel is one and Kansai Nerolac is another. Kansai Nerolac has announced good numbers, Akzo Nobel possibly will follow. So, it is a choice between the three, Asian Paints, Akzo Nobel and Kansai Nerolac for an investor to put in his portfolio. However, considering the liquidity at the counter, I would certainly stick to Asian Paints," he said.He further added, "One can remain invested in Zee Entertainment and it is the best media pick."