Buy Asian Paints on dips, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I certainly hope that Asian Paints should go on rising, it is one of the better stocks in the blue-chip universe. Irrespective of what the results say one should be a buyer on dips."

At 13:07 hrs Asian Paints was quoting at Rs 500.45, up Rs 13.50, or 2.77 percent. It has touched an intraday high of Rs 504 and an intraday low of Rs 488.55. 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. Currently, it is trading 4.62 percent below its 52-week high and 24.15 percent above its 52-week low. Market capitalisation stands at Rs 48,003.05 crore.