Shalimar Paints spurts on starting commercial production at Chennai plant

05 Sep 2017

Shalimar Paints is currently trading at Rs. 224.00, up by 5.65 points or 2.59% from its previous closing of Rs. 218.35 on the BSE.

The scrip opened at Rs. 220.05 and has touched a high and low of Rs. 229.25 and Rs. 220.00 respectively. So far 12635 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 320.30 on 17-May-2017 and a 52 week low of Rs. 118.45 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 229.25 and Rs. 198.95 respectively. The current market cap of the company is Rs. 421.17 crore.

The promoters holding in the company stood at 62.30%, while institutions and non-institutions held 2.33% and 35.37% respectively.

Shalimar Paints has re-commissioned its Chennai plant and started its commercial production with effect from September 4, 2017.

Shalimar Paints is one of the leading paints manufacturing companies in India. The Company has a wide product range in both Architectural and Industrial sectors.

Related Shalimar Paints Ltd. Links:

Shalimar Paints Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323