Invest in Asian Paints, says Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "The basic structure of Asian Paints is positive, it is trading in a sideways zone that is a consolidation. You invest today and hold it for a long term. You got to go beyond Rs 1,250 zones easily. I would say buy anytime, now is the time."

At 15:18 hrs Asian Paints was quoting at Rs 1,127.35, up Rs 1.75, or 0.16 percent.

The share touched its 52-week high Rs 1,261.25 and 52-week low Rs 1,016.00 on 14 September, 2017 and 08 March, 2017, respectively.

Currently, it is trading 10.62 percent below its 52-week high and 10.96 percent above its 52-week low.