Mumbai: Shalimar Paints Ltd continued to face selling pressure on Monday, with its shares sliding to a fresh 52-week low of ₹58.25 during the trading session, extending a pronounced downtrend that has seen the stock shed more than half its value over the past year.
The paints maker’s stock has been in a persistent slump, with a series of successive intraday lows recorded in recent sessions — including ₹60.69 and ₹58.77 in the past week — underscoring sustained bearish sentiment among investors.
On the NSE/BSE, Shalimar Paints’ share price remains markedly down from its 52-week high of ₹144, highlighting the severity of the decline.
Market participants attributed the slide to a combination of weak financial performance and sector-specific headwinds.
The company has reported negative earnings and structural challenges, with declining sales and operational metrics weighing on confidence.
Despite broader market resilience — with key indices trading near recent highs — Shalimar Paints’ stock has underperformed, reflecting company-specific pressures rather than broader market weakness.
Investors will be watching closely for any signs of turnaround in fundamentals or strategic measures by the management to arrest the downtrend.