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

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%