1:1 bonus share & 5:1 stock split: Penny stock under Rs 50 in green as this paint manufacturer to launch wood coatings product range meeting international quality standards!
The stock’s 52-week high is Rs 49 and its 52-week low is Rs 27.12 with a spurt in volume by more than 2 times on BSE.
On Monday, shares of Kamdhenu Ventures Ltd gained 1.91 per cent to Rs 48.43 per share from its previous closing of Rs 47.52 with an intraday high of Rs 48.74 and an intraday low of Rs 47.69. The stock’s 52-week high is Rs 49 and its 52-week low is Rs 27.12 with a spurt in volume by more than 2 times on BSE.
Kamdhenu Colour and Coatings Limited, a wholly-owned subsidiary of the Company, announced the upcoming launch of a new Wood Coatings range. Building upon the remarkable growth achieved in FY 2023-24 and the continued momentum in Q1 of FY 2024-25, Kamdhenu Paints is further solidifying its position as a leader in premium, innovative coatings solutions.
Scheduled for October 2024, the new Wood Coatings range is designed to meet the highest international quality standards. This expansion aligns with Kamdhenu Paints' commitment to excellence and innovation, offering customers a wider range of premium products. To meet the increasing demand for its products, Kamdhenu Paints has significantly ramped up its production capacity from 36,000 kilolitres per year to 49,000 kilolitres per year. This expansion ensures that Kamdhenu Paints can effectively cater to the rising need for its premium offerings.
Additionally, Kamdhenu Paints is aggressively expanding its network of tinting machines across its dealer network. This strategic move enhances accessibility and service efficiency for customers, providing them with more convenient access to customized paint solutions. Kamdhenu Paints has a strong track record of innovation in the paint industry. The company's revolutionary Dual Emulsions Series, introduced by its experienced R&D team, has gained significant popularity among dealers, painting contractors, and end customers due to its cost-effectiveness and inventory-saving benefits.
To support its growth and expansion, Kamdhenu Paints has opened a new office in Haryana. This new office will help meet the increased workforce requirements associated with the company's expansion plans. With these initiatives, Kamdhenu Paints is poised to become a major player in the Wood Coatings industry. The company's commitment to sustainability and innovation will contribute to a brighter and more sustainable future. Kamdhenu Paints looks forward to the continued support of its investors and stakeholders as it embarks on this exciting new phase of growth.
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About the Company
Kamdhenu Ventures Ltd, incorporated in 1995, is a manufacturer and seller of a wide variety of paints including dual paints series, designer finishes, exterior emulsions, interior emulsions, acrylic washable distempers, premium enamel paints, wood coating products, and waterproofing solutions. In addition to these, they also offer economical emulsions, undercoats, putty, specialized coatings, and construction chemicals. Their manufacturing unit is located in Alwar with a network of 33 sales depots across India assisted by over 4,000 dealers for their 40+ SKUs across 10+ product categories. The company was listed on the BSE and NSE on January 24, 2023.
The shares of the company ex-traded stock split of equity shares such that 1 equity share having a face value of Rs 5 each fully paid up, be sub-divided/split into 5 equity shares having a face value of Rs 1 each fully paid up. The record date for the sub-division/split was Friday, June 14, 2024. And on August 01, 2023, the shares of the company ex-traded bonus shares in the ratio 1:1.
The company has a market cap of over Rs 1,500 crore. The stock is up 78.6 per cent from its 52-week low is Rs 27.12 per share. Investors should keep an eye on this paint stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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