JSW Dulux Ltd was led by its upcoming 1:10 stock split

JSW Dulux’s newsflow was led by its upcoming 1:10 stock split, a GST relief order, and a new luxury paint campaign, with the stock trading around ₹3,045. The company has fixed 22 October 2026 as the record date for its 1:10 equity share split, under which one ₹10 share will be subdivided into ten ₹1 shares, with trading in the adjusted shares beginning the same day. The Madhya Pradesh GST Department has annulled a ₹77.13 lakh demand against JSW Dulux, setting the disputed tax and penalty liability to nil, though a separate ₹11.83 lakh ITC disallowance notice from Punjab remains pending. On the marketing front, JSW Dulux launched a new twin‑film campaign for Dulux Velvet Touch Eterna, premiering during the India vs West Indies T20 on Star Sports HD and JioHotstar, with a six‑week national rollout across TV and digital. The board will meet on 4 November 2026 to approve Q2 and H1 FY27 results, after Q1 FY27 reported revenue of ₹990.6 crore and PAT of ₹79.7 crore, down 19.3% YoY. MarketsMojo has downgraded the stock to “Sell,” citing weak Q1 results and a drop in ROCE to 21.01%, with the stock down 5.04% year‑to‑date and 9.42% over the past year. The stock’s 52‑week range is roughly ₹2,800–3,200, and it was trading at about ₹3,045 on 19 October, with a market cap of around ₹7,000 crore.