Shalimar Paints trades in green on the BSE

31 Dec 2012 Evaluate

Shalimar Paints is currently trading at Rs 128.25, up by 2.95 points or 2.35% from its previous closing of Rs 125.30 on the BSE.

The scrip opened at Rs 128.00 and has touched a high and low of Rs 129.80 and Rs 128.00 respectively. So far 8338 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 153.70 on 22-Nov-2012 and a 52 week low of Rs 60.80 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs 132.00 and Rs 124.80 respectively. The current market cap of the company is Rs 244.17 crore.

The promoters holding in the company stood at 62.36% while Institutions and Non-Institutions held 2.01% and 35.63% respectively.

Credit rating agency, CARE has reaffirmed ‘A’ rating to Shalimar Paints’ Long term Bank Facilities worth Rs 70.00 crore and ‘A1’ rating to company’s Short term Bank Facilities worth Rs 7.95 crore.

The rating agency has also reaffirmed ‘A/ A1’ rating to the company’s Long/Short term Bank Facilities worth Rs 57.30 crore.

The company has received the said rating on the back of its long track record, diversified product portfolio with presence in both decorative and industrial paint segments, established brands and continuous focus on R&D, multi-location presence, strong dealer network across the country, reputed clientele in the industrial paints segment, low debt-equity ratio and sustained financial performance in FY12 and H1FY13.

Shalimar Paints incorporated in 1902, is one of the leading paints manufacturing companies in India. The company has a colour bank of 9000 shades.

Shalimar Paints Share Price

162.95 4.85 (3.07%)
18-May-2024 12:50 View Price Chart
Peers
Company Name CMP
Asian Paints 2816.55
Berger Paints India 494.15
Kansai Nerolac Paint 277.75
Akzo Nobel India 2607.85
Indigo Paints 1370.20
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.