Look at Asian Paints, says Gautam Trivedi

Gautam Trivedi, MD & CEO of Religare Capital Markets told CNBC-TV18, "Asian Paints is a great story, it has returned great shareholder value over the last 10 years. However, the reality is that the real estate space within India has slowed down and it is not just a phenomenon for Mumbai, Pune or the NCR region, it is across the country. So, that clearly has an impact on Asian Paints to some extent. So I suspect some of the cautiousness is coming from there. However, otherwise we very much like Asian Paints and remains one of our top picks."At 12:07 hrs Asian Paints was quoting at Rs 826.25, up Rs 9.60, or 1.18 percent.