As the paint company completes 100 years of operations, Bharuka highlights that it would continue to maintain its leadership position in the industrial paints segment going ahead
Gains from expected business recovery and benign input costs already priced in Asian Paints and Berger Paints' scrips
Kansai Nerolac Paints and Shalimar Paints, too, were up 2 per cent each, as compared to 1.4 per cent rise in the S&P BSE Sensex at 01:08 pm
Total income declined 58.23 per cent to Rs 647.08 crore during the quarter under review as against Rs 1,549.18 crore in the corresponding quarter a year ago
Asian Paints, Berger Paints India, Kansai Nerolac Paints and Akzo Nobel India slipped in the range of 2 per cent and 5 per cent on the BSE.
All that happened in the markets today
Today, a total of six companies, including YES Bank and Kansai Nerolac Paints, are set to declare their quarterly numbers
This week, a total of 17 companies are scheduled to announce their quarterly earnings which includes HCL Technologies, Kansai Nerloac Paints, and YES Bank among others
Stock calls and Outlook on Nifty by Mr. Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd.
Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities.
Growth came despite a sustained slowdown in the automotive and construction segments, both of which are key users of paints
Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT - Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers.
Employee costs and other operating expenses as a percentage of net operating income fell to 21.2% in Q1, from 22.3% a year back
While the automobile sector accounts for a third of Kansai Nerolac's revenues, analysts are also skeptical about demand from the retail segment
The stock slipped 9% to Rs 378, also its 52-week low, after the company posted 15.6% YoY declined in net profit at Rs 1.22 billion in September quarter, due to higher operational costs.
Automotive growth, launches to help maintain volume
Total income during the October-December quarter stood at Rs 11.64 billion
The company had reported a net profit of Rs 86.08 crore in the year-ago period
Total consideration is Rs 538 cr
Kansai Paint have purchased 10.91 million equity shares or 2.02% stake in KNPL via open market on February 25, 2016,