AMFI has recommended various means, such as rebalancing portfolios to increase the weightage of largecap stocks, and moderating flows into small and midcap funds.
Macquarie has maintained its Outperform rating on Asian Paints with a target price of Rs 4,000, underplaying competition concerns from the launch of Birla Opus.
Asian Paints share price: The stock slipped 0.58 per cent today to hit a low of Rs 2,851.90. At this price, the stock has plunged 20.05 per cent from its one-year high value of Rs 3,566.90, a level seen on July 24 last year.
Brokerage firm Jefferies has an underperform rating on Asian Paints, Citigroup retains Maruti Suzuki as its top pick in the auto sector, and Goldman Sachs recommended a neutral rating on Paytm.