Kansai Nerolac zooms 34% in 3 days on strong Q1 operational performance

The management foresees uptick in demand across the paint industry to be driven by strong expansion in the infrastructure, core sector, automotive, and real estate industries.

Shares of Kansai Nerolac Paints gained 6 per cent to Rs 535.90 on the BSE in Wednesday’s intra-day trade. The stock extended its two-day rally after the company reported strong operational performance for the quarter ended June 2022 (Q1FY23).

The stock of this paints company has zoomed 34 per cent in three days from Rs 400.65 on Friday, July 29, 2022. That apart, it has also recovered 50 per cent from its 52-week low level of Rs 358.05 that it had touched on June 22, 2022. That said, the stock had hit a 52-week high of Rs 674.15 on