“Asian Paints’ strong revenue delivery and market share gains are impressive; however, rich valuation at 57 times FY24 estimated earnings per share, especially in the context of Grasim’s impending entry limits any upside,” said Axis Capital.
Negative Breakout: These 7 stocks cross below their 200 DMAs
200 DMA: Rs 1429.84| LTP: Rs 1406.3