Trending stocks: Shalimar Paints share price jumps 7%

NEW DELHI: Shares of Shalimar Paints traded 6.96 per cent up in Wednesday 's trade at 11:40AM (IST).

Around 360855 shares changed hands on the counter. The stock opened at Rs 68.0 and touched an intraday high and low of Rs 69.5 and Rs 66.0 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 109.0 and a 52-week low of Rs 44.0 .


Porinju's Equity Intelligence India has bought 1.84 per cent stake, Assured Fin - Cap Pvt Ltd 1.28 per cent in company during March quarter.

Financials
Shalimar Paints Ltd., incorporated in the year 1902, is a Small Cap company (having a market cap of Rs 343.99 Crore) operating in Building Materials sector.

For the quarter ended 31-12-2019, the company reported a Consolidated sales of Rs 93.28 Crore, up 13.65 % from last quarter Sales of Rs 82.08 Crore and up 24.51 % from last year same quarter Sales of Rs 74.92 Crore. The Company reported net profit after tax of Rs -5.21 Crore in latest quarter.

Shalimar Paints Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes & Black which contributed Rs 282.82 Crore to Sales Value (98.33 % of Total Sales), Sale of services which contributed Rs 4.01 Crore to Sales Value (1.39 % of Total Sales), Scrap which contributed Rs .78 Crore to Sales Value (0.27 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 53.082893 per cent stake in the company as of quarter ended 31st Dec 2019 .

Valuation ratio
It quoted a price-to-earnings ratio of -6.21 and price to book value of 1.19 .