TheScreener - Kansai Nerolac Paints (KANSAINER) KANSAI NEROLAC PAINTS reduced its risk exposure resulting in an upgrade to Slightly Positive

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KANSAI NEROLAC PAINTS reduced its risk exposure resulting in an upgrade to Slightly Positive

KANSAI NEROLAC PAINTS (IN), a company active in the Speciality Chemicals industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 1 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date March 23, 2021, the closing price was INR 553.25 and its potential was estimated at INR 694.17.

24/03/2021 6 EN

Underlying

Kansai Nerolac Paints

Kansai Nerolac Paints Limited (KNPL) is a paint company. The Company offers a range of products, including decorative, Automotive Coatings and Performance coatings. The Company has coating solutions across the Decorative, Wood Coatings, General Industrial, High Performance Coatings, Powder Coatings, Automotive and Auto Refinish market segments. The Company serves its customers through a network of approximately four manufacturing facilities located at Lote in Maharashtra, Bawal in Haryana, Jainpur in Uttar Pradesh and Hosur in Tamil Nadu and over hundred strategically located depots. The Company has a joint venture in Nepal with Kansai Nepal, which caters to customers in Nepal. KNPL also has a joint venture in Sri Lanka with Capital Holdings Maharaja Group to set up the paint business in Sri Lanka. The Company is a subsidiary of Kansai Paint Co. Ltd.

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INE531A01024 National Stock Exchange of India India

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KANSAI NEROLAC PAINTS reduced its risk exposure resulting in an upgrade to Slightly Positive

Empowering Investors

Monthly LMI Update Independent Investment Research

Indigo Paints IPO

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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