Meanwhile, the S&P BSE Sensex was down 170.74 points or 0.54% at 31,638.81. The S&P BSE Small-Cap index rose 23.53 points or 0.15% at 16,216.71.

On the BSE, 11,000 shares were traded on the counter so far as against average daily volumes of 9,665 shares in the past one quarter. The stock had hit a high of Rs 237.40 and a low of Rs 230 so far during the day. The stock had hit a record high of Rs 320.30 on 17 May 2017 and a 52-week low of Rs 118.45 on 21 November 2016.

The stock had outperformed the market over the past one month till 5 September 2017, advancing 6.01% compared with the Sensex's 1.6% fall. The stock had, however, underperformed the market over the past one quarter, sliding 9.49% as against the Sensex's 1.6% rise. The scrip had outperformed the market over the past one year, advancing 11.67% as against the Sensex's 11.49% rise.

The small-cap company has equity capital of Rs 3.79 crore. Face value per share is Rs 2.

Shares of Shalimar Paints have risen 7.37% in two trading sessions to its ruling market price, from its close of Rs 218.35 on 4 September 2017, after the company announced during market hours yesterday, 5 September 2017 that it re-commissioned its Chennai plant and started its commercial production from 4 September 2017. The stock had surged 5% to settle at Rs 229.25 yesterday, 5 September 2017.

Shalimar Paints reported net loss of Rs 9.71 crore in Q1 June 2017 as against net profit of Rs 0.75 crore in Q1 June 2016. Net sales declined 20.6% to Rs 73.70 crore in Q1 June 2017 over Q1 June 2016.

Shalimar Paints is engaged in manufacturing paints, varnishes, enamels or lacquers.

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The announcement was made during trading hours today, 5 September 2017.

Meanwhile, the S&P BSE Sensex was down 20.74 points, or 0.07% to 31,681.51.

On the BSE, 13,000 shares were traded in the counter so far, compared with average daily volumes of 9,519 shares in the past one quarter. The stock had hit a high of Rs 229.25 and a low of Rs 220 so far during the day. The stock hit a record high of Rs 320.30 on 17 May 2017. The stock hit a 52-week low of Rs 118.45 on 21 November 2016.

The stock had outperformed the market over the past one month till 4 September 2017, rising 0.97% compared with 1.93% decline in the Sensex. The scrip had underperformed the market in past one quarter, falling 12.64% as against Sensex's 1.64% rise. The scrip had underperformed the market in past one year, rising 6.36% as against Sensex's 11.11% rise.

The small-cap company has equity capital of Rs 3.79 crore. Face value per share is Rs 2.

Shalimar Paints reported net loss of Rs 9.71 crore in Q1 June 2017 as against net profit of Rs 0.75 crore in Q1 June 2016. Net sales declined 20.59% to Rs 73.70 crore in Q1 June 2017 over Q1 June 2016.

Shalimar Paints is engaged in manufacturing paints, varnishes, enamels or lacquers.

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Net loss of Shalimar Paints reported to Rs 9.71 crore in the quarter ended June 2017 as against net profit of Rs 0.75 crore during the previous quarter ended June 2016. Sales declined 20.59% to Rs 73.70 crore in the quarter ended June 2017 as against Rs 92.81 crore during the previous quarter ended June 2016.

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The Board of Directors of Shalimar Paints at its meeting held on 29 June 2017 has considered and approved the draft Letter of Offer of the Company and related documents in respect of the proposed Rights Issue of Rs. 50 crore.

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