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ICICI Direct recommended hold rating on Kansai Nerolac Paints with a target price of Rs 515 in its research report dated November 03, 2022.

Prabhudas Lilladher recommended accumulate rating on Kansai Nerolac Paints with a target price of Rs 563 in its research report dated November 03, 2022.

Kansai Nerolac Paints Ltd., incorporated in the year 1920, is a Large Cap company (having a market cap of Rs 24219.05 Crore) operating in Building Materials sector.

Adani Ports, Chambal Fertilizers, Cholamandalam, Dhanuka, JK Tyre, Kansai Nerolac, Karnataka Bank, LIC Housing Fiaance, Sun Pharma, Tata Investment, Tech Mahindra, UPL, Voltas, Varun Beverages, Max Healthcare and Macrotech among others will be announcing their Q2 results.

Sun Pharma, Adani Ports, TechM, UPL, Voltas, Varun Beverages, Chola Finance, UPL, Macrotech Developers, Max Healthcare, Kansai Nerolac and LIC Housing are among the companies that will announce their results for September 2022 quarter today.

EIH has broken out from the symmetrical triangle on the weekly chart with higher volumes. It has broken out on the daily chart on Monday to close at five days high.

Crude derivatives are among the major raw materials for paint companies. Therefore, a fall in crude prices benefits such companies, as it increases their margins, lowers input costs and thereby increases the profitability of the companies.For the first time since February, Brent crude futures finished $4.83 lower at $88 per barrel yesterday

Kansai Nerolac Paints Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes, Other Operating Revenue and Scrap for the year ending 31-Mar-2022.

Kansai Nerolac Paints Ltd., incorporated in the year 1920, is a Large Cap company (having a market cap of Rs 26940.60 Crore) operating in Building Materials sector.

Geojit recommended accumulate rating on Kansai Nerolac Paints with a target price of Rs 567 in its research report dated August 19, 2022.

Kansai Nerolac Paints Ltd., incorporated in the year 1920, is a Large Cap company (having a market cap of Rs 26862.45 Crore) operating in Building Materials sector.

ICICI Direct recommended hold rating on Kansai Nerolac Paints with a target price of Rs 560 in its research report dated August 04, 2022.

Prabhudas Lilladher recommended accumulate rating on Kansai Nerolac Paints with a target price of Rs 558 in its research report dated August 03, 2022.

“Market now looks willing to take the bad news in its stride and usually that will be a good sign for trend reversal. In the last seven, eight months, we have seen that the market was not only ignoring good news, but bad news was being thrashed like anything. This is giving us the first sign that probably things are going to be turning better from here.”

“When new competition enters our sector, it is important for us to just concentrate on our strength and strategy and to correct if any weakness is there over a period of time. There is no question of feeling threatening here because the industry size is good, the growth is good, and it takes time for any new player to come and create a distribution and relationship network with dealers.”

The company reported a 36.51 per cent increase in its consolidated net profit to Rs 152.05 crore for the first quarter ended June 30, 2022. It had posted a net profit of Rs 111.38 crore in the April-June period a year ago.

ICICI Securities underlines that despite strong revenue growth in Q1FY23, Kansai’s three-year revenue CAGR is still lower than industry leader amid market share loss in decorative paints.

The company had posted a net profit of Rs 111.38 crore in the April-June period a year ago.

Kansai Nerolac Paints Managing Director Anuj Jain said, "This quarter saw a healthy demand for both Decorative and Industrial Paints. There has been a revival in demand in Industrial led by increased demand in Automotive due to the gradual easing of the chip shortages."

Fortis Healthcare, Alkyl Amines Chemicals, Goodyear India and RCL Retail will have their annual general meetings (AGM) today. The boards of Easy Trip Planners will meet today to consider the Employees Stock Option Plan. Monday is the record date for dividends by Rossell India, Saksoft and Shilchar Technologies among others.

Asian stocks opened mixed on Monday as few stocks opened higher whereas Chinese and other markets opened with more losses Monday morning after muted data, which saw a surprise contraction in July, adding to worries about the world's number two economy. MSCI's index of Asia-Pacific shares outside Japan was down by 0.34 per cent.

ITC, Varun Beverages, UPL, Zomato, Max Financial, Escorts Kubota, Kansai Nerolac, The Ramco Cements, Carborundum Universal, Alkyl Amines, Castrol and PSB are among the companies that will announce their earnings for the quarter ended June 2022.

Amitabh Bachchan posted on his Instagram and Tumblr accounts that he's been "given notices" about what he promotes and that there are strict rules on what can be endorsed now. "Else it is becoming illegal. So several posts of mine have been given notices that the change should be done...!! It's a tough life, ain't it," Bachchan wrote.

Net Sales are expected to increase by 40.2 percent Y-o-Y (up 29.1 percent Q-o-Q) to Rs. 1,823.7 crore, according to ICICI Direct.

Himadri Speciality Chemical rallied 15.88 percent to Rs 73.35 and formed strong bullish candlestick pattern on the daily charts with higher than average volumes. Even on weekly basis, there was a bullish candle formation and on the monthly scale, the stock has seen Bullish Engulfing pattern, indicating positive trend.

Kansai Nerolac Paints Ltd., incorporated in the year 1920, is a Large Cap company (having a market cap of Rs 20063.98 Crore) operating in Building Materials sector.

Shares of Banas Finance will turn ex-rights today. The company had announced a rights issue of 24 shares for every 25 shares held, offered at Rs 20 apiece.

Shares of Sadhna Broadcast will go ex-split today. The company had announced the splitting of shares into face value of Re 1 from the face value of Rs 10.

Kansai Nerolac Paints Ltd., incorporated in the year 1920, is a Large Cap company (having a market cap of Rs 21556.79 Crore) operating in Building Materials sector.

Shares of GG Engineering will go ex-split today. The companies had announced the splitting of shares into face value of Re 1 from the face value of Rs 2.

Kansai Nerolac Paints Ltd., incorporated in the year 1920, is a Large Cap company (having a market cap of Rs 22122.65 Crore) operating in Building Materials sector.

“Within the auto sector, we like Maruti which is a top-of-mind company because the business visibility is still very high and coupled with that, there is some capex and some cooling off in the raw material prices that would really bring far more comfort to that play. We also like Mahindra & Mahindra and Hero Motors.”

ICICI Direct recommended reduce rating on Kansai Nerolac Paints with a target price of Rs 360 in its research report dated May 13, 2022.

The paint manufacturer reported a decline of 84.49 per cent in its consolidated net profit to Rs 19.17 crore for the fourth quarter ended March. The company had posted a net profit of Rs 123.62 crore in the January-March quarter a year ago.

Kansai Nerolac Paints on May 10 has posted 80 percent fall in ist Q4 net profit at Rs 24.73 crore, down 80.1% from Rs 124.28 crore, YoY.

Adani Ports, PNB, Petronet LNG Relaxo Footwears, Indian Bank, SKF India, BSE, Lakshmi Machine Works, Birla Corporational and Kalyan Jewellers are among the companies which will announce their earnings today.

Ajanta Pharma board would consider bonus issue while disclosing its March quarter results.

Net Sales are expected to increase by 7 percent Y-o-Y (down 15.9 percent Q-o-Q) to Rs. 1,424 crore, according to ICICI Direct.