Shares of Kansai Nerolac Paints spiked 10% on Tuesday’s early trades to reach an intraday high of ₹ 444.20 apiece on the National Stock Exchange (NSE). This happened after the company announced its quarterly and annual results, a dividend and a bonus issue. At 01:34 PM, its shares were trading at ₹ 405.00 apiece. Kansai [...]
With a market capitalization of ₹ 1,670 crores, Sirca Paints India is a small-cap company that manufactures, sells and exports wood coatings and other decorative paints under the brands Sirca, Unico and others. Its paints and textures include interior, exterior, wall primer, finishes/effects and wall putty. According to an exchange filing, the company has announced [...]
With a market capitalization of ₹ 1,05,126 crores, Grasim Industries is a large-cap stock. The company is the flagship company of the Aditya Birla Group and its businesses consist of viscose Staple fibre (VSF), caustic soda, speciality chemicals, and rayon-grade wood pulp (RGWP) with plants at multiple locations. It also has certain other businesses such [...]
With crude oil prices falling, the shares of paint companies have been buzzing on Dalal Street. The price of Brent crude oil fell by more than 15% in the past month. Higher crude oil prices increase input costs for paint companies Paint companies use crude oil derivatives as raw materials and this accounts for about [...]
