Asian Paints faces antitrust heat, but charts signal breakout
Asian Paints shares shrugged off concerns over a probe by the Competition Commission of India (CCI) for allegedly abusing its dominant position in the decorative paints market. A breakout past ₹2,502 could potentially trigger a 32% rally, according to the A&Y Market Research. Meanwhile CLSA maintained its 'underperform' rating and cut the price target to ₹1,966.