Berger Paints

In the past one month, Nifty Next 50 index was down 14%, as compared to 7% decline in the Nifty 50 index.

Berger Paints India Ltd on Tuesday said it was monitoring the cost pressure in the wake of crude price hardening but will take a call after tracking the demand scenario. With crude oil trading above USD 100 per barrel owing to Russia's invasion of Ukraine, cost pressure will mount if the geopolitical uncertainties continue for a few months. "We are monitoring the situation closely but not raising the price in a haste. We will take a call after monitoring the demand scenario also. Price rise impacts volume demand," Berger Paints MD & CEO, Abhijit Roy, told PTI. Berger had hiked prices in the last one year to offset input cost inflation, the company said. Roy explained that out of the four major ingredients of making paints, one is linked to crude. It is the solvent binder, which is a derivative of crude. However, its price is more affected by demand-supply issues than the price of crude itself, he said. Overall, solvent binder forms about one-third of Berger's raw material ...

SpiceJet, Berger Paints and BPCL look weak on charts, while ONGC could gain another 4-8%.

Berger Paints India Ltd on Wednesday reported an eight per cent decline in its consolidated net profit to Rs 252.97 crore for the December 2021 quarter. The company had posted a net profit of Rs 274.98 crore during the corresponding quarter last year, Berger Paints India said in a regulatory filing. Its revenue from operations during October-December 2021 jumped 20.42 per cent to Rs 2,550.77 crore, compared with Rs 2,118.19 crore in the year-ago period. Berger Paints' total expenses stood at Rs 2,228.56 crore in December 2021, a 26.26 per cent jump as against Rs 1,764.94 crore a year ago. Shares of Berger Paints India Ltd on Wednesday settled at Rs 722.55 on the BSE, up 0.62 per cent from the previous close.

Stock market LIVE: Sectorally, Nifty Auto index was the top performer now, up 1.5 per cent, followed by Nifty Private Bank, and IT indices. PSU index was the sole loser, down 0.8 per cent.

Stocks like HOEC, HPCL, ONGC and Pidilite can rally up to 10 per cent in the near term.

Berger Paints India Ltd on Wednesday reported 1 per cent decline in consolidated net profit at Rs 219.21 crore for September quarter 2021-22 impacted by high raw material cost and COVID-19.

Paint companies Asian Paints and Berger Paints have taken high-single-digit price increases across their portfolio in a move to offset the rising inputs costs, indicate reports

Berger is also growing its international presence, major contributor to the growth would be the India market and drivers would be the decorative, protective, construction chemicals segments

Though the situation remains "complicated", the paint industry essentially provides "growth potential" in view of pent up demand, Berger Paints has said

Berger Paints India on Friday reported multi-fold jump in its consolidated net profit to Rs 140.48 crore for the first quarter ended June 30

Share of Asian Paints and Berger Paints recorded new all-time highs in trade on Thursday

The company's Q4 show, however, was better than market leader Asian Paints

Berger Paints is the second largest paint company in India with 16 manufacturing units.

The immediate target for the Nifty50 index is seen above the all-time high of 15,432 odd levels

Havells' stock is currently trading around the support zone of medium-term moving average (100 EMA) on the daily chart and indications are in the favor of a strong surge in near future

Berger is in the process of setting up a Rs 700-cr plant in Uttar Pradesh

The paints major is contemplating to invest around Rs 100 crore to manufacture construction chemicals and putty, sources said

Improving urban demand, revival in construction activity paint a rosy picture, but high valuations and rising input costs are concerns

The Nifty Auto, Metal, and Pharma indices settled over 1 per cent lower each