Kansai Nerolac Paints Ltd
KANSAINER

332.30

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331.00

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Buy
Reco. Price
Rs 330.00

Last updated on 05-Dec-2016

We recommend BUY on account of volume growth and margin expansion. This will be driven by revival in industrial coatings segment and lower input cost inventory. The stock is valued at ~3.8x FY17E EV/Sales, trading at ~32% discount to FMCG industry’s FY17E EV/ Sales. (Target price- Rs 380)
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50 DMA (.)
360.87
100 DMA (.)
357.24
200 DMA (.)
322.79
Weekly Range (.)
327.75
351.85
Monthly Range (.)
302.20
375.90
52 Weeks Range (.)
236.25
404.75
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