Kansai Nerolac to set up water based paint facility at Hosur

Kansai Nerolac Paints Ltd has announced that the Board of Directors of the Company at its meeting held on July 24, 2007, has approved the setting up of a new water based paint facility at an outlay of about Rs 69 crores at Hosur. This project will be funded by internal accruals.

The stock closed the day at Rs.690.40, down by Rs.15.85 or 2.24%. The total traded quantity was 153 compared to 2 week average of 692. The stock hit an intraday high of Rs.709 and low of Rs.690.40.

Source : Equity Bulls

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