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Auto sector adds fresh coat to Nerolac stock
Business Standard
|September 24, 2025
GST cuts and festival demand could boost the firm’s sales
The stock of paint major Kansai Nerolacisup over 5.2 per cent in the past month, outperforming its peers, which have generated negative returns over the same period.
While there are near-term headwinds forthecompany andthe sector, a rebound in automotive (auto) volumes following the goods and services tax (GST) cut could improve the company’s performance.
Among listed companies, the paint and coating manufacturer — specialising in industrial coatings — has the highest exposure to the auto segment, with 30 percent ofits sales coming from this sector.
This story is from the September 24, 2025 edition of Business Standard.
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