Kansai Nerolac Paints Ltd.    
18 Oct 2019
550.85
1.63%
ICICI Securities Limited
The recent tax cut by the government from 33% to 25.2% is likely to boost earnings of Kansai Nerolac (Kansai) by 3% and 6% for FY20E and FY21E respectively. We change our earnings estimates and target price accordingly. We believe a tax cut would help demand revival in both decorative and industrial paint demand (with revival in automotive industry). This would also help organised players to gain market share from the...
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Kansai Nerolac Paints Ltd. is trading above it's 200 day SMA of 461.1
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