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

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