Hold Asian Paints; target Rs 850-860: Vishal Malkan

Vishal Malkan of malkansview.com told CNBC-TV18, "Asian Paints has been a good performer in the last year but in the last two-three months it has been underperforming and we have seen some correction to levels of around Rs 740. We can put a strict stoploss of around Rs 745, which is a good support. If that breaks then we can see some crack in the stock. Therefore, I would recommend holding on the stock with a stoploss of Rs 745 and at higher levels we can see targets of around Rs 850 to Rs 860 if the numbers are positively surprising. It is a trading call, so Rs 745 is the stoploss."

The share touched its 52-week high Rs 922.80 and 52-week low Rs 512 on 29 January, 2015 and 30 May, 2014, respectively.