1:1 Bonus Share & 5:1 Stock Split: Penny Stock Under Rs 50 Hit Lower Circuit As Company Launches its First Exclusive Retail Outlet KAMDHENU eNEXA SHOPEE in Gurugram
The stock is up 72 per cent from its 52-week low is Rs 27.12 per share.
On Friday, shares of Kamdhenu Ventures Ltd were locked in a 20 per cent lower circuit to Rs 46.65 per share from its previous closing of Rs 58.31. The stock’s 52-week high is Rs 58.57 and its 52-week low is Rs 27.12.
Kamdhenu Paints, a leading manufacturer of high-quality paints and emulsions, opened its first Kamdhenu eNEXA Shopee (The exclusive retail outlet) in Gurugram. The very first Kamdhenu eNEXA Shopee was inaugurated by Shri Satish Agarwal, CMD of Kamdhenu Group along with Mr Saurabh Agarwal, MD; Mr Sachin Agarwal, Director; Mr Rajkumar Srivastava, Chief Operating Officer and Mr Vineet Agarwal, CFO of the Company
Kamdhenu eNEXA Shopee is specially designed to enhance customer accessibility and provide a convenient shopping experience. It offers a comprehensive range of solutions for all exterior and interior painting and construction needs from emulsions to designer finishes, metallic effects, wood coatings, and construction chemicals. Customers can also avail of the in-house paint booth to sample various colours and visualize finishes for their dream homes.
The Company has strategically designed a scheme for prominent dealers having a premium location to establish Kamdhenu eNEXA Shopee (The exclusive retail outlet) at 50 different locations within one year wherein investment in Shopee shall be done by the respective dealers and upon achievement of targeted sales, the Company will reimburse the cost under the said scheme. This will be a strategic move on the part of the Company’s growth plan to establish a network of exclusive retail stores across the country.
A key feature of the retail outlet is the live display of paint samples in various finishes allowing customers a firsthand experience of the textures, designer finishes, wood coatings and colours for a well-informed decision about the best finishes for their homes. Kamdhenu Paints has established 33 Sales Depots across the country and boasts a strong nationwide network of ~4,300+ dealers and 20,000+ painters.
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About the Company
Kamdhenu Paints, established in 2008 under the umbrella of Kamdhenu Group, evolved as Kamdhenu Colour and Coatings Limited, a wholly owned subsidiary of Kamdhenu Ventures Limited listed in NSE & BSE, is one of the leading manufacturers of decorative paints, having more than 4,300 dealers and 20,000 painters associated with the Company. Kamdhenu Paints has a wide range of decorative paint products that includes exterior & interior emulsions, acrylic distempers, water-based & solvent primers, synthetic & GP enamel, wood finishes, aluminium paints, textured to designer finishes, stainers, P.U. Wood Finishes and Metallic Finishes.
The shares of the company ex-traded stock split of equity share 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 1,400 crore. The stock is up 72 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.