Shalimar Paints is currently trading at Rs. 75.00, up by 1.50 points or 2.04% from its previous closing of Rs. 73.50 on the BSE.
The scrip opened at Rs. 74.00 and has touched a high and low of Rs. 75.65 and Rs. 74.00 respectively. So far 2398 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 141.90 on 12-Mar-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. 78.00 and Rs. 71.00 respectively. The current market cap of the company is Rs. 141.01 crore.
The promoters holding in the company stood at 62.36% while Institutions and Non-Institutions held 3.13% and 34.51% respectively.
Shalimar Paints has hiked prices of industrial paints and decorative products last month by 2-3%, taking total FY14 price hike to 5-7% depending upon the product category. The company has taken this step due to rising input cost.
In the third quarter, most paint companies had seen an impact on profitability due to higher commodity or raw material prices. That impact is being passed on to consumers through the price increase.
Shalimar Paints is one of the leading paints manufacturing companies in India. The company has three manufacturing facilities located Howrah, Nasik and Sikandrabad.
