Expect upside in Asian Paints, Pidilite: Devang Mehta

Devang Mehta of Anand Rathi Financial Services told CNBC-TV18, "Wherever crude is an input or crude derivatives are inputs, we have seen good set of numbers coming. A lot of companies have reported great numbers because last quarter there was a inventory which Asian Paints carried, but this quarter the numbers would be good."

"We expect Asian Paints to deliver a decent set of numbers and there is a substantial upside from here for such stocks like Asian Paints or Pidilite Industries which derives a lot of its raw material from crude," he said.