Shares of Kamdhenu Ventures reached a new high on September 13, trading at ₹51.59, thanks to Mauritius-based foreign institutional investors (FIIs) Al Maha Investment Fund and Unico Global Opportunities Fund Limited purchasing stakes in the company at an average price of ₹51 per share.
The stock has climbed more than 90% from its 52-week low of ₹27.12 recorded in October last year. It has risen 52% over the past year and over 50% in 2024 so far. In September alone, it has gained over 18%, following a 7.3% rise in August, a 1% increase in July, and a 21% jump in June.
However, the stock did experience a 13.5% drop in May after a 14.2% rise in April and saw declines in February and March of 15.2% and 12.4%, respectively. January had been a strong month, with a 31.2% increase.
About the Company
Kamdhenu Paints, part of Kamdhenu Ventures, is set to launch a new Wood Coatings range in October 2024. This expansion aims to strengthen its position in the premium coatings market. To meet increasing demand, the company has boosted its production capacity from 36,000 kilolitres to 49,000 kilolitres and is expanding its tinting machine network.
Founded in 2008, Kamdhenu Paints is known for its innovative decorative paints. The company recently introduced the Dual Emulsions Series, a cost-effective option popular among dealers and contractors. With plans to open a new office in Gurugram, Haryana, the company is expanding its operations.
Kamdhenu Paints offers a variety of products, including emulsions, wood finishes, and designer paints. It has over 40 SKUs, 34 sales depots, and a dealer network of over 4,300. The company focuses on eco-friendly, water-based paints with low VOCs and uses modern manufacturing processes to minimise environmental impact.
With its strong fundamentals and ongoing growth, Kamdhenu Ventures appears well-positioned for further gains.
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