The discount to KIMS has been assigned in comparison to the aforementioned peers on the back of high concentration risk with around 2/3rd of the company’s sales being accounted for by Hyderabad and higher execution risks given the investment phase lined up over the next few years.

The stock quoted a 52-week high price of Rs 3136.8 and a 52-week low of Rs 2023.15.

A total of 18,866 shares changed hands on the counter till 12:48PM (IST).

Besides, the upcoming festive season is also expected to pick up strong growth for the paint companies on the back of a healthy demand environment. Over the years, the company’s continuous efforts of launching new products, focusing on premiumisation, strong brand recall in decorative, and strong distribution network have helped to drive growth.

A total of 35,213 shares changed hands on the counter till 12:43PM (IST).

For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 539.74 crore, up 15.28 per cent from last quarter total income of Rs 468.18 crore and up 103.24 per from last year same quarter Total Income of Rs 265.57 crore.

​India is the third-largest oil importing nation as it imports over 80% of its crude oil requirement and thus stands to benefit from falling crude prices.​

The Relative Strength Index of the stock stood at 36.55 on Wednesday.

For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 2377 crore, up 8.69 per cent from last quarter total income of Rs 2187 crore and up 9.34 per cent from last year same quarter total income of Rs 2174 crore.