Asian Paints, part of the S&P BSE Sensex, is down over 9% from its December 2023 highs but shows momentum. It hit Rs 3,422 on December 29, 2023, and bottomed above 2,600 in May 2024. Reclaiming key moving averages, it has broken out of a 5-month consolidation. Experts suggest a target of Rs 3,400 in 1-2 months.
