ICICI Securities has a BUY rating on Asian Paints with a revised 12-month target of Rs 2,740, about 18% above the current market price of Rs 2,320.

Axis Securities has upgraded Asian Paints to a BUY rating with a revised target price of Rs 3,130 per share, implying an upside potential of approximately 17% from the current market price of Rs 2,

Asian Paints, HCL Technologies, TCS, Jio Financial Services and Infosys were among major losers during the early session on Tuesday.

Asian Paints, SBI Life, Motherson, Siemens, Maruti Suzuki, Canara Bank, VEDL were among gainers in the Indian market on Tuesday.

Asian Paints stock is looking strong on technical charts. Asian Paints closed 1.19 percent higher at Rs 2,530, close to its day's high.

Jio Financial Services shares jumped 4.77 percent in today's session.