Kamdhenu hits 52-week low despite launch of product

Kamdhenu Ltd recorded its fresh 52-week low on Friday despite the fact that Kamdhenu Paints launched white cement polymer-based putty of premium quality with the name-Kamo Star Water Proof Putty for interior and exterior walls, recently.

Putty is applied on walls before painting is done. Its market in India is growing rapidly due to a growth in the construction infrastructure. The product is in demand because the product confirms to international standards and its water-repellent feature protects wall from rain, keeps it safe as well as gives a beautiful finishing to the wall.

Kamdhenu Group is one of the leading building materials’ company in India, engaged in manufacturing, marketing, branding and distribution of a vast range of quality building materials including steel TMT bars, structural steel, colour coated sheets etc. India’s sixth-largest decorative paints company, Kamdhenu Paints, is the paint vertical of this business group.

At the time of market closing on Friday, the stock of Kamdhenu Ltd was trading at Rs 60.10, down by 3.76 per cent against its previous close of Rs 62.45. Its 52-week high is Rs 215.70 while, its 52-week low is Rs 58.35 on BSE.