Kansai Nerolac Paints rose 1.86% to Rs 225 at 9:37 IST on BSE after net profit rose 34.6% to Rs 60.37 crore on 7.68% growth in total income from operations (net) to Rs 807.84 crore in Q4 March 2015 over Q4 March 2014.
The result was announced after market hours on Friday, 8 May 2015.
Meanwhile, the BSE Sensex was up 232.20 points, or 0.86%, to 27,337.59.
On BSE, so far 17,000 shares were traded in the counter, compared with an average volume of 12,016 shares in the past one quarter.
The stock hit a high of Rs 232.05 and a low of Rs 224 so far during the day. The stock hit a record high of Rs 252.55 on 9 April 2015. The stock hit a 52-week low of Rs 120.66 on 16 May 2014.
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The stock had outperformed the market over the past one month till 8 May 2015, falling 4.27% compared with 5.58% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 6.03% as against Sensex's 5.62% fall.
The large-cap company has an equity capital of Rs 53.89 crore. Face value per share is Re 1.
Kansai Nerolac Paints' net profit rose 31.5% to Rs 271.67 crore on 12.3% increase in net sales to Rs 3532.41 crore in the year ended March 2015 over the year ended March 2014.
Meanwhile, Kansai Nerolac Paints announced on Saturday, 9 May 2015, that its board has approved setting up of a paint manufacturing unit at Sayakha Industrial Estate in Gujarat having capacity of 42000 MT a year, which is expandable in phases, at an estimated cost of Rs 350 crore.
Kansai Nerolac is the second largest coating company in India and a market leader in industrial coatings.
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