Kansai Nerolac Paints Ltd. News and Updates

Name: Latest research reports of Kansai Nerolac Paints Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Kansai Nerolac Paints Ltd.
Rating: 4
Author: ICICI Securities Limited

Keep track of all breaking news on Kansai Nerolac Paints Ltd. from all sources in a single place.

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Kansai Nerolac Paints Ltd.

02 Nov 2023

243.63

-0.53%

Kansai Nerolac Paints trades lower on profit taking after strong Q2 numbers

Moneycontrol

Kansai Nerolac has gained 24.12 percent over the last six months against NIfty's 4.65 percent during the same period

Geojit BNP Paribas downgraded Kansai Nerolac Paints Ltd. to Hold with a price target of 258.0 on 07 Mar, 2025.

Kansai Nerolac Paints Share Price Live blog for 02 Nov 2023

livemint | 02 Nov 2023 1 more

Kansai Nerolac Paints Ltd.

02 Nov 2023

243.63

-0.53%

Healthy performance amidst tough macro conditions

Accumulate: Kansai Nerolac Paints Ltd.

ICICI Securities Limited

Considering macro headwinds like erratic rainfall and shift of festive season to Q3FY24, we reckon Kansai has reported healthy numbers in Q2FY24. We remain enthused by the continued investments to strengthen competitive advantages with (1) higher feet-on-street, (2) new product launches, (3) influencer outreach, (4) investments in projects business, and (5) digital.

Number of FII/FPI investors decreased from 195 to 188 in Dec 2024 qtr

Kansai Nerolac Paints Ltd.

31 Aug 2023

243.63

-0.53%

Buy Kansai Nerolac Paints; target of Rs 388: Geojit

Moneycontrol

Geojit is bullish on Kansai Nerolac Paints has recommended buy rating on the stock with a target price of Rs 388 in its research report dated August 31, 2023.

Geojit BNP Paribas downgraded Kansai Nerolac Paints Ltd. to Hold with a price target of 258.0 on 07 Mar, 2025.

Kansai Nerolac Paints Ltd.

31 Aug 2023

243.63

-0.53%

KANSAI NEROLAC

Buy: Kansai Nerolac Paints Ltd.

Geojit BNP Paribas

Geojit BNP Paribas downgraded Kansai Nerolac Paints Ltd. to Hold with a price target of 258.0 on 07 Mar, 2025.

Kansai Nerolac Paints Ltd.

30 Aug 2023

243.63

-0.53%

Buy or sell: Paints sector in consolidation mode. Add Kansai Nerolac, reduce Asian Paints, Berger

livemint

ICICI Securities advises investors to stay underweight in paint stocks as the likely increase in competitive intensity may hurt industry profitability and cap valuation multiples. The brokerage has a Reduce' rating on Asian Paints, Berger, Akzo and Indigo Paints, and Add' rating on Kansai Nerolac.

Kansai Nerolac Paints Ltd. is trading above its 50 day SMA of 237.0

Kansai Nerolac Paints Ltd.

07 Aug 2023

243.63

-0.53%

Accumulate Kansai Nerolac Paints; target of Rs 351: Prabhudas Lilladher

Moneycontrol

Prabhudas Lilladher recommended accumulate rating on Kansai Nerolac Paints with a target price of Rs 351 in its research report dated August 04, 2023.

Kansai Nerolac Paints Ltd. is trading below its 100 day SMA of 252.9

Reduce Kansai Nerolac Paints; target of Rs 300: ICICI Securities

Moneycontrol | 07 Aug 2023

Kansai Nerolac Paints Ltd.

07 Aug 2023

243.63

-0.53%

Visible trajectory improvement under leadership of Anuj Jain; Upgrade to ADD

Accumulate: Kansai Nerolac Paints Ltd.

Recommendation Target

ICICI Securities Limited

Kansai has introduced multiple DCF-accretive initiatives under the leadership of Mr. Anuj Jain, MD such as (1) steady expansion of innovative product portfolio across sub-segments, (2) relaunched brand as ‘Nerolac Paint+ with Japanese technology’ supported by higher brand and R&D spends, (3) investments in projects, Next-gen painting services and influencer reach to connect with customers and generate pipeline.

Kansai Nerolac Paints Ltd. is trading below its 100 day SMA of 252.9

Kansai Nerolac Paints Ltd.

04 Aug 2023

243.63

-0.53%

Kansai Nerolac Paints Results Earnings Call for Q1FY24

Conference Call with Kansai Nerolac Paints Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.

audio

Kansai Nerolac Paints Ltd.

04 Aug 2023

243.63

-0.53%

Weak performance than peers in spite of revival in Automotive sector

Sell: Kansai Nerolac Paints Ltd.

ICICI Securities Limited

Kansai reported revenue growth of +5.1% compared to Asian Paints (+7%) and Akzo (+6.6%) YoY. Its EBITDA margin expansion (+294bps) was also lower than Asian Paints (+537bps) and Akzo (+331bps) YoY. While Kansai is biggest beneficiary of revival in Automotive sector, it has likely lost market shares decorative paints in our view.