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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
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.
Only 3 stocks -- Sun Pharma, PowerGrid, and ITC -- ended in the red on the Sensex, while gains were led by Maruti Suzuki (up 4 per cent), IndusInd Bank, HDFC Bank, Bajaj Finserv, Wipro, and Titan
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