Kansai Nerolac Paints jumped 6.36% to Rs 1675 at 14:19 IST on BSE after net profit rose 19.71% to Rs 72.98 crore on 16.64% growth in total income from operations to Rs 923.70 crore in Q1 June 2014 over Q1 June 2013.
The Q1 result was announced during market hours today, 22 July 2014.
Meanwhile, the S&P BSE Sensex was up 169.10 points or 0.66% at 25,884.27.
On BSE, so far 4,639 shares were traded in the counter as against average daily volume of 1,496 shares in the past one quarter.
The stock hit a high of Rs 1,710 so far during the day, which is a record high for the counter. The stock hit a low of Rs 1,590 so far during the day. The stock had hit a 52-week low of Rs 975.25 on 18 February 2014.
The stock had outperformed the market over the past one month till 21 July 2014, advancing 16.23% compared with Sensex's 2.43% rise. The scrip had also outperformed the market over the past one quarter, jumping 35.2% as against Sensex's 12.96% rise.
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The mid-cap company has equity capital of Rs 53.89 crore. Face value per share is Rs 10.
Kansai Nerolac Paints is the second largest paint company in India and is the leader in industrial segment. The company manufactures a diversified range of products ranging from architectural coatings for homes, offices, hospitals and hotels to sophisticated industrial coatings for most of the industries.
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