399.65 7.95 (2.03%)
NSE Jun 05, 2020 15:31
Volume: 124.5K
 

Kansai Nerolac Paints Ltd.    
18 Oct 2019
399.65
2.03%
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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Number of FIIs/FPIs holding stock fell by 7 to 147 in Mar 2020 qtr.
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