Business Standard

Shalimar Paints zooms 32% in one week on hopes of margin improvement

The improved liquidity position, increased reach and distribution network through Hella is expected to improve the operating margins of the company going forward

Increasing disposable incomes, surge in sales of high-end products and rapid urbanisation, among other things, are driving demand for luxury and premium paints. Source: Adobe Stock
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Increasing disposable incomes, surge in sales of high-end products and rapid urbanisation, among other things, are driving demand for luxury and premium paints. Source: Adobe Stock

SI Reporter Mumbai
Shares of Shalimar Paints (SPL) rallied 7 per cent to Rs 158.85 on the BSE in Wednesday's intra-day trade, surging 32 per cent in the past one week on hopes of improvement in margins going forward.

The stock of the paint maker was trading close to its 52-week high level of Rs 163.50, touched on April 21, 2022. Trading volumes on the counter jumped over three-fold today as a combined 765,000 equity shares changed hands on the NSE and BSE till the time of writing of this report. In comparison, the S&P BSE Sensex was down 0.33 per cent at 12:00

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