Is Grasim Now Investors' Top Choice From Paint Stock Basket?

Kiran Jani, Head of Technical Research at Jainam Broking, is bullish on paint stocks. He asserts that the company is experiencing a range breakout pattern and, considering the current market price, anticipates a short-term target price of Rs 2,300, with a stop loss at Rs 2,180-70. Among the entire paint sector, he considers Asian Paints as the preferred choice and observes upward momentum on the daily chart. Entering at the current price is deemed a good choice. The stop loss is Rs 2,780, with a target price range of Rs 2,960-3,000 per share in short term. Gaurang Shah from Geojit Financials has expressed optimism, noting that India's sizable market allows companies with strong fundamentals to thrive alongside others in the same sector.