Kansai Nerolac Paints is currently trading at Rs. 884.00, up by 11.75 points or 1.35% from its previous closing of Rs. 872.25 on the BSE.
The scrip opened at Rs. 887.95 and has touched a high and low of Rs. 919.00 and Rs. 878.10 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 970.00 on 10-Apr-2012 and a 52 week low of Rs. 790.05 on 29-Aug-2011.
Last one week high and low of the scrip stood at Rs. 919.00 and Rs. 865.00 respectively. The current market cap of the company is Rs. 4764. crore.
The promoters holding in the company stood at 69.27% while Institutions and Non-Institutions held 11.23% and 19.50% respectively.
Kansai Nerolac Paints (KNPL) is in the process of finalizing its 68% stake acquisition in one of the leading paint manufacturers in Nepal, Nepal Shalimar (NSPL). The investment to be made by the company towards this proposed acquisition shall be about NPR 12.58 crore (around Rs 7.55 crore).
Besides, the company would also be giving a loan of NPR 10.20 crore (around Rs 6.12 crore) to fund the working capital requirement of NSPL. Nepal Shalimar currently commands a market share of 8%. It had a turnover of NPR 20.57 crore (Rs 12.34 crore) in 2010-11.
KNPL will be utilizing the manufacturing set up of Nepal Shalimar and will manufacture the Nerolac range of products that are currently exported to Nepal. Further, this investment by the company in NSPL is subject to the approval from the concerned authorities in India and Nepal.
Kansai Nerolac Paints is engaged in the industrial, automotive and powder coating business. The company’s brands include Impressions, Beauty, Excel and Surakhsa.
| Company Name | CMP |
|---|---|
| Asian Paints | 2463.40 |
| Berger Paints India | 468.80 |
| Kansai Nerolac Paint | 203.05 |
| JSW Dulux | 2930.65 |
| Indigo Paints | 839.55 |
| View more.. | |
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