Hold Asian Paints for long term: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "I would say that if the plan is to hold Asian Paints for the longer term then definitely it is a hold, one can carry on. Otherwise, what I see now, it is in a range bound situation. It has to clear Rs 1,180-1,200 decisively for it to make further upside move. However, till such time that happens, you won’t see much of a move on the upside."

"At the same time, if it were to fall below say Rs 1,120-1,100 support zone, then it can slide down to Rs 1,040 for even lower. So, the problem is that in the short term, if you are a trader who is willing to play the range bound scenarios, then buy weakness, sell strength. However, if it is actually an investor, then I would say Asian Paints is one company you can carry on."

"You can carry on for the rest of your life unless there is some major problems happen in the company. These are stocks like Pidilite or Asian Paints, you can hold them for most part of your life; that kind of stock they are," he added.