India's Kansai Nerolac up on Q3 profit climb

Berger Paints India

05/02/2024 09:33

** Shares of Kansai Nerolac  KANE.NS  rise as much as 3.7%
to 353 rupees, highest level since Dec. 27
    ** Paintmaker's Q3 consol profit rose ~39% YoY
    ** Rival Asian Paints  ASPN.NS  topped Q3 profit view last
month; other major listed paint cos yet to report
    ** KANE had surged on Dec. 27 on $87 mln land parcel sale
    ** Analysts' avg rating on KANE, peers at "hold"; Berger
Paints  BRGR.NS  only sell-rated stock among major paint
companies - LSEG data

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))