Buy Asian Paints Ltd., target Rs 1060: CapitalVia Global Research Ltd

CapitalVia Global Research Ltd has a buy call on Asian Paints Ltd. with a target price of Rs 1060. The current market price of Asian Paints Ltd. is 1028.4. Time period given by analyst is week, when Asian Paints Ltd. price can reach defined target. Overall, the trend of the stock is extremely bullish and is now gaining momentum. The stock is trading above its short and medium term moving averages of 10 and 50-days. "We expect the stock to show an upside momentum further. Traders can buy the stock with the stop loss of Rs 990," added the brokerage note