Kamdhenu Ventures Ltd, a small-cap stock known for its impressive returns, saw its share price reach a record high following news of new launches and expansion plans. On Tuesday, the share price started at ₹48.89 on the BSE, slightly up from the previous close of ₹48.43. It then surged to a record ₹49.69 during the day.
A Strong Performer
Just nine months ago, in January 2023, Kamdhenu Ventures’ shares were trading around ₹18, marking significant gains for investors.
New Product Launch
Kamdhenu Paints, a division of Kamdhenu Ventures, is set to launch a new premium wood coating product in October 2024. This move is expected to enhance its position in the high-end paint market. The new product will meet international quality standards, reflecting Kamdhenu Paints’ commitment to quality and innovation.
Capacity Expansion
To meet rising demand, Kamdhenu Paints is increasing its production capacity from 36,000 kilolitres to 49,000 kilolitres per year, a more than 30% boost. The company is also expanding its network by installing more tinting machines at its dealers to improve customer service and accessibility.
About Kamdhenu Paints
Founded in 2008, Kamdhenu Paints is a fully owned subsidiary of Kamdhenu Ventures Ltd. It offers a wide range of products, including exterior and interior emulsions, water-based primers, wood finishes, textured paints, and building chemicals. The company aims to be a comprehensive solution for all building needs.
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