Page 2 - Berger Paints

Berger Paints gains over 4%, hits record high after Q2 result announcement

Revenue from operations grew 9 per cent to Rs 1,742.55 crore during the quarter under review.

Berger Paints Sept quarter net profit increases 13.55% to Rs 221 crore

Berger Paints India Ltd on Thursday reported an increase of 13.55 per cent in its consolidated net profit to Rs 221.05 crore for the second quarter ended September 2020

Sensex erases 2020 losses, settles 724 pts higher ahead of US poll outcome

All that happened in the markets today

Berger, IIT Guwahati develop surface disinfectant to fight Covid-19

The product, developed by a group of scientists led by Prof Biman B Mandal, was launched on Friday

Weekly stock picks by Religare Broking: Buy Berger Paints, HDFC Life

Berger Paints has resumed the uptrend and is currently trading at its record high. Indications are in the favor of prevailing momentum to extend upside further

Paint stocks in focus; Asian Paints, Berger Paints hit record highs

In the past three months, Asian Paints (up 22 per cent) and Berger Paints (up 19 per cent) outpaced the benchmark index, which gained 8 per cent during the same period

Nerolac expects double-digit growth this year, to invest Rs 450 cr

A 57 per cent market share in the automotive paints segment makes Kansai Nerolac the largest segmental player

Berger capex remain unaffected amid pandemic, aims higher market share

The country's second-largest paint maker Berger Paints said that despite the pandemic its capital expenditure for this fiscal remain unaffected and will be the same as last year. The major investment will be in its upcoming Sandila plant near Lucknow of around Rs 260 crore and the plant was expected to be operational from 2022 onwards, a company official said on Friday. The company was implementing a few strategies to narrow the gap with the market leader Asian Paints that commands about 50 per cent share in the paints industry. "Yes, we love to gain further market share and close the gap between us and Asian Paints, and that is our endeavour. We have taken a lot of measures," Abhijit Roy, MD & CEO, said while replying to shareholders' questions during the 96th AGM of Berger Paints. "They (Asian Paints) are about three times our size and we are about 18-20 per cent and are quite hopeful that some of our strategies might work," Roy told reporters. He said the company

Paint stocks' valuations dicey, investors should await better entry point

Gains from expected business recovery and benign input costs already priced in Asian Paints and Berger Paints' scrips

Berger Paints: Weaker Q1 show indicates premium valuation unjustifiable

46% fall in top line and muted profit margin led to 88% dip in pre-tax profit in June quarter

MARKET WRAP: Sensex gains 173 pts as auto, IT, and metal stocks advance

All that happened in the markets today

Berger Paints falls 4% as Q1 net profit slips 91% YoY; what brokerages say

It had posted a net profit of Rs 176.41 crore in the corresponding quarter of the previous fiscal.

Stock calls by Sameet Chavan of Angel Broking: Sell Tata Motors, Biocon

One can see a formation of 'Bearish Engulfing' pattern on Tata Motors' daily chart

Covid-19 impact: Berger Paints India Q1 net profit down 91% to Rs 15 cr

Berger Paints India Ltd on Friday reported a 91.44 per cent decline in consolidated net profit to Rs 15.09 crore for the quarter ended June, hit by the Covid-19 crisis

Stay light as Nifty nearing crucial hurdles: Sameet Chavan of Angel Broking

On the downside, a move below 11,100 would lead to immediate correction towards 10,950 - 10,880 levels

Faster recovery in rural areas, cheaper oil augur well for paint firms

Shares of Asian Paints, Berger Paints, and Kansai Nerolac gained between 3.7 and 7 per cent, even as the Sensex fell 1.5 per cent on Wednesday

Berger Paints India's Q4 net profit declines 6.5% to Rs 103.18 cr

The company had posted a net profit of Rs 110.37 crore during the January-March quarter of the previous fiscal, Berger Paints India said in a regulatory filing

Paint stocks trade weak on concern of demand destruction in near term

Asian Paints, Berger Paints India, Kansai Nerolac Paints and Akzo Nobel India slipped in the range of 2 per cent and 5 per cent on the BSE.

Hindustan Unilever's valuation premium over peers hits record high

Trading at 77x, its trailing 12-month net profit against industry average of about 43x

Derivatives strategy on Berger Paints by Nandish Shah of HDFC Securities

Long build-up is seen in the Berger Paints Futures where we have seen rise in Open Interest with price moving up by 1.70 per cent