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    509874   INE849C01026

SHALIMAR PAINTS LIMITED

(509874)
  Report
End-of-day quote Bombay Stock Exchange  -  2022-08-16
164.95 INR   +1.13%
02:34aSHALIMAR PAINTS : Recording of Analysts/Institutional Investor Meet/Con. Call
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08/17TRANSCRIPT : Shalimar Paints Limited, Q1 2023 Earnings Call, Aug 17, 2022
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08/12Shalimar Paints Limited Announces Cessation of Ashok Kumar Agarwal as Non-Executive Independent Director
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Indian shares snap three days of losses as banks, metal stocks rally

05/26/2022 | 06:55am EDT
A bird flies past the Bombay Stock Exchange building in Mumbai

BENGALURU, May 26 (Reuters) - Indian shares bucked broader market weakness to end higher on Thursday as investors picked up beaten-down financial and metal stocks after three straight sessions of losses.

The NSE Nifty 50 index rallied in the last hour of trading to close 0.90% higher at 16,170.15, while the S&P BSE Sensex advanced 0.94% to 54,252.53. Both the indexes had lost nearly 1.5% in the past three sessions.

"After the heavy selloff, the market showed signs of exhaustion and could bounce for the short to medium term," said Vinod Nair, head of research at Geojit Financial Services.

The gains contrasted with global peers, which were trading mixed after the latest U.S. Federal Reserve minutes confirmed the central bank's intent to tighten monetary policy quickly to control inflation.

Worries about surging price pressures and aggressive monetary policy tightening globally have sparked a flight of foreign capital from Indian equities this month, with investors selling a net $4.79 billion worth of shares so far in May, more than twice the amount they did in the whole of April.

"Inflation is a concern globally and the Fed is saying that they won't hesitate to raise rates to keep it down. But the market will be watching the numbers till they start easing out and until then, there will always be this overhang," said Samrat Dasgupta, chief executive officer of Esquire Capital Investment Advisors.

Underpinning the gains on Thursday, Nifty's metal , financials and banks sub-indexes rose between 2% and 3%.

State Bank of India, JSW Steel and Tata Steel were among the top gainers on the Nifty 50 index, advancing between 3% and 5%.

The Nifty IT index closed 1.3% higher after it slumped to its lowest since June in the previous session.

Colgate-Palmolive (India) rose 2.4% after reporting a rise in quarterly profit, while Shalimar Paints surged as much as 10% after it reported a smaller loss for the March quarter.

(Reporting by Rama Venkat in Bengaluru, additional reporting by Gaurav Dogra; Editing by Subhranshu Sahu and Aditya Soni)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.17% 0.69413 Delayed Quote.-3.32%
BANK OF INDIA LIMITED 2.95% 50.55 End-of-day quote.-1.56%
BRITISH POUND / US DOLLAR (GBP/USD) 0.01% 1.20441 Delayed Quote.-10.61%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.13% 0.77509 Delayed Quote.-1.59%
COLGATE-PALMOLIVE (INDIA) LIMITED -0.08% 1566.8 End-of-day quote.5.86%
EURO / US DOLLAR (EUR/USD) -0.14% 1.01628 Delayed Quote.-10.49%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.40% 0.012551 Delayed Quote.-5.92%
JSW SA 6.26% 51.92 Delayed Quote.40.24%
JSW STEEL LIMITED -0.21% 672.4 End-of-day quote.2.52%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.07% 0.62701 Delayed Quote.-7.24%
NIFTY 50 0.04% 17952.7 Delayed Quote.2.72%
NIFTY IT 0.08% 30027.15 Delayed Quote.-22.72%
SHALIMAR PAINTS LIMITED 1.13% 164.95 End-of-day quote.42.20%
STATE BK OF INDIA 0.73% 532 Delayed Quote.14.70%
TATA STEEL LIMITED -0.44% 112.5 End-of-day quote.1.21%
All news about SHALIMAR PAINTS LIMITED
02:34aSHALIMAR PAINTS : Recording of Analysts/Institutional Investor Meet/Con. Call
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08/17TRANSCRIPT : Shalimar Paints Limited, Q1 2023 Earnings Call, Aug 17, 2022
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Financials
Sales 2021 3 256 M 41,0 M 41,0 M
Net income 2021 -499 M -6,28 M -6,28 M
Net Debt 2021 1 232 M 15,5 M 15,5 M
P/E ratio 2021 -10,6x
Yield 2021 -
Capitalization 11 912 M 150 M 150 M
EV / Sales 2020 1,12x
EV / Sales 2021 2,01x
Nbr of Employees 611
Free-Float 24,5%
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Managers and Directors
Ashok Kumar Gupta Managing Director & Non-Independent Director
Mohit Kumar Donter Chief Financial Officer & Compliance Officer
Rajeev Uberoi Independent Non-Executive Chairman
Shikha Rastogi Secretary & Compliance Officer
Alok Perti Independent Non-Executive Director
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