Nerolac Stock Price: Could Kansai Nerolac's Latest Strategy Help Stocks Bring Back the Valuations of the Good Old Days?

Nerolac Inventory Worth: Might Kansai Nerolac’s Newest Technique Assist Shares Deliver Again the Valuations of the Good Previous Days?

Kansai Nerolac’s share worth was Rs 390.3 when the market closed on June 13, 2022. The inventory had hit its all-time excessive of Rs 651.5 on January 18, 2021 and is down practically 40% from these ranges.

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Kansai Nerolac Ltd is a subsidiary of Kansai Paint Firm of Japan, which is able to personal 74.99% of the Indian firm as of March 2022. In keeping with CRISIL (Could 2022), the corporate is a number one participant within the family industrial paints phase. Kansai Nerolac, which has a big portfolio, has wholesome relationships with established automobile producers of two-wheelers, passenger vehicles, business automobiles and tractors.

The slowdown within the automotive sector and rising commodity costs got here as a double blow to Kansai Nerolac. With some segments of the auto trade seeing a restoration and indicators of declining commodity costs, will the inventory regain the valuations it had within the good previous days? Kansai Nerolac Ltd is a subsidiary of Kansai Paint Firm of Japan, which owns 74.99% of the Indian firm as of March 2022.

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