Buy Asian Paints on declines, says Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "A lot of stocks where shorts should be hiding, they are seeing short covering. Even Mahindra & Mahindra Financial Services is trading at highs of the day. So, definitely, at 8,480 shorts are getting covered." "Once we get past Rs 1,020 on Asian Paints, I think it should see a better rally. Probably, now it is a buy on decline type of stock. So, any decline towards Rs 940 or thereabouts should encourage people to buy," he said.