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Kansai Nerolac Paints has an operating revenue of Rs 7,776 crore on a trailing 12-month basis. The company has an annual revenue growth of 4%, pre-tax margin of 20% and ROE of 21%. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles.
The stock from a technical standpoint is trading below to its 200DMA and close to its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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