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Shalimar Paints strengthens on expansion plan

05 May 2014 Evaluate

Shalimar Paints is currently trading at Rs. 84.00, up by 0.75 points or 0.90% from its previous closing of Rs. 83.25 on the BSE.

The scrip opened at Rs. 84.00 and has touched a high and low of Rs. 84.00 and Rs. 84.00 respectively. So far 25 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 131.80 on 09-May-2013 and a 52 week low of Rs. 48.95 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 84.60 and Rs. 80.00 respectively.

The promoters holding in the company stood at 62.36% while Institutions and Non-Institutions held 3.21% and 34.43% respectively.

Shalimar Paints is on a major expansion and diversification drive. The 112-year-old paint-maker, which has a dominant market share in paints for industrial applications, plans to give special thrust to consumer products and step up its retail presence with a new brand. In this regard, the company will commission Rs 55-crore plant near Chennai later this year.

Shalimar Paints is one of the leading paints manufacturing companies in India. The company has three manufacturing facilities located Howrah, Nasik and Sikandrabad.

Shalimar Paints Share Price

53.79 -0.26 (-0.48%)
20-Apr-2026 16:59 View Price Chart
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