Add Kansai Nerolac Paints, target price Rs 640: ICICI Securities

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Add Kansai Nerolac Paints, target price Rs 640:  ICICI Securities


has add call on with a target price of Rs 640. The current market price of Kansai Nerolac Paints Ltd. is Rs 558.1.

Kansai Nerolac Paints Ltd., incorporated in the year 1920, is a Large Cap company (having a market cap of Rs 30093.28 Crore) operating in Building Materials sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 1606.86 Crore, up 15.77 % from last quarter Total Income of Rs 1388.02 Crore and up 19.69 % from last year same quarter Total Income of Rs 1342.53 Crore. Company reported net profit after tax of Rs 204.50 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of Sept 30, 2020, while FIIs held 4.2 per cent, DIIs 12.1 per cent and public and others 8.8 per cent.





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