Kansai Nerolac Paints Ltd notched up volume of 18.04 lakh shares by 14:14 IST on NSE, a 19.22 fold spurt over two-week average daily volume of 93850 shares

Volumes spurt at Kansai Nerolac Paints Ltd counter

CAMS, HAL, ITC, Neogen Chem, Info Edge, Adani Power, Bajaj Electricals, Krsnaa Diagnostics, Hindustan Adhesives, Ashoka Buildcon, Mahanagar Gas, Vardaman Textiles, Orchid Pharma, Kansai Nerolac, Zydus Life, Power Grid, Sumitomo Chemical

Stocks that will see action on March 6, 2023

Stocks to watch before going into trade today.

Stocks To Watch: HDFC, Ashoka Buildcon, Mahanagar Gas, Vakrangee, Nerolac, Easy Trip Planners

Board of Kansai Nerolac Paints approves acquisition of balance stake in Nerofix

Broker’s Call: Kansai Nerolac (Buy)

HDFC Securities is bullish on Kansai Nerolac has recommended buy rating on the stock with a target price of Rs 500 in its research report dated February 10, 2023.

Buy Kansai Nerolac; target of Rs 500: HDFC Securities

Prabhudas Lilladher recommended accumulate rating on Kansai Nerolac Paints with a target price of Rs 485 in its research report dated February 06, 2023.

Accumulate Kansai Nerolac Paints; target of Rs 485: Prabhudas Lilladher

In the December quarter (Q3FY23), Kansai’s standalone gross profit margin contracted by 115 basis points year-on-year to 30.2% as the company still has high priced inventory.

Delayed margin recovery, competition woes dull Kansai Nerolac

Kansai Nerolac Paints Ltd on Friday reported a 13 per cent decline in consolidated net profit at Rs 108.97 crore in the December quarter, impacted by higher expenses.

Kansai Nerolac Paints net profit falls 13% to Rs 108.97 cr in Dec quarter

ITC, SBI, Tata Power, Marico, One 97 Communications (Paytm), Marico, India Cements and Kansai Nerolac Paints will report their quarterly results today.

Vedanta, NTPC shares to go ex-dividend; ITC, SBI, BoB, Tata Power, Patym Q3 results today

Buzzing stocks: SBI, Paytm, Bank of Baroda, IndusInd Bank, HDFC AMC, Tata Power, Divis Labs, Engineers India, India Cements, Intellect Design Arena, InterGlobe Aviation, JK Tyre & Industries, Kansai Nerolac Paints, MaricoManappuram Finance, Shipping Corporation Sun TV, Tube Investments of India, Zyd…

Stocks that will see action on February 2, 2023

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Kansai Nerolac Paints Limited (KNPL) is a paint company. The Company offers a range of products, including decorative, Automotive Coatings and Performance coatings.