Exit Asian Paints at around Rs 850: Kunal Bothra

Kunal Bothra of LKP Securities told CNBC-TV18, "Asian Paints has already corrected 10 percent. Looking at the trajectory of the stock it seems to be in a strong uptrend. I would advice that try and average out at current levels of Rs 800-810; I think that is a good support level.”

“From an extreme short-term basis probably at Rs 850 that is where you can look to square off your position completely and shift to some other stock. I believe that the good part about the stock has already been done; the chances are that the stock may now see some bit of moderation or even correction over the next few weeks to come,” he added.

Disclosure: Analyst has no personal holdings in the above stock. It is possible that he may have recommended the same to his clients at LKP.