KANSAI NEROLAC Plunges by 11%; BSE 500 Index Down 0.8%
October 23, 2018 01 pm

KANSAI NEROLAC share price has plunged 11% and is presently trading at Rs 385.

Meanwhile, the BSE 500 Index is at 13,581 (down 0.8%).

Among the top losers in the BSE 500 Index today is KANSAI NEROLAC (down 10.9%).

LAKSHMI VILAS BANK (up 8.2%) and LINDE INDIA (up 6.5%) are among the top gainers today.

Over the last one year, KANSAI NEROLAC has moved down from Rs 490 to Rs 385, registering a loss of Rs 105 (down 21.5%)..

The BSE 500 has moved down from 14,198 to 13,581, loss of 617 points (down 4.3%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 218.7%), GRAPHITE INDIA (up 110.9%) and L&T INFOTECH LTD (up 104.0%).

What About the Benchmark Indices?

The BSE Sensex is at 34,074 (down 0.5%). The top gainers among the BSE Sensex stocks today are HDFC (up 2.7%). The most traded stocks in the BSE Sensex are YES BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 10,222 (down 0.7%). INDIABULLS HOU. FIN. (up 4.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,507 to 34,074, registering a gain of 1,567 points (up 4.5%).

KANSAI NEROLAC Financial Update...

KANSAI NEROLAC net profit down at Rs 1 billion for the quarter ended September 2018, compared to a loss of Rs 1 billion a year ago. Net Sales rose 12.3% to Rs 12.9 billion during the period as against Rs 11.5 billion in July-September 2017.

For the year ended March 2018, KANSAI NEROLAC reported 0.7% increase in net profit to Rs 5.1 billion compared to net profit of Rs 5.1 billion during FY17.

Revenue of the company grew 4.9% to Rs 48 billion during FY18.

The current Price to earnings ratio of KANSAI NEROLAC, based on rolling 12 month earnings, stands at 37.9x.