India's Asian Paints set for sharpest monthly gain in over three years

Asian Paints

28/11/2025 08:39

Corrects bullet point 5 to say to "Q2" not "Q3"

** Shares of Asian Paints ASPN.NS up ~14.5% in Nov, on track for sharpest monthly gain since July 2022

** ASPN trading 0.2% lower on the day

** Paintmaker gained most in a session this month on November 6

** Co was awarded higher weightage in MSCI's Global Standard Indexes and Nomura upgraded rating to "buy" citing recovery after weak demand in FY2025

** ASPN rose further on Nov 12 and Nov 13 on Q2 profit beat, helped by higher-than-expected domestic volume growth in its mainstay decorative paints segment

** ASPN, which has gained in 12 out of November's 19 sessions, has been above its 50-day, 100-day, 200-day simple moving avgs since late October, indicating bullish sentiment

** Monthly trading volume highest in a year

** Avg rating of 35 analysts is "hold", median PT is 2,720 rupees, ~5.4% lower than current price - data compiled by LSEG

** YTD, ASPN up 26%

(Reporting by Anuran Sadhu in Bengaluru)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))