Today, a total of 126 companies, including Adani Enterprises, Berger Paints, Cipla, and Indiabulls Housing, are scheduled to announce their December quarter results
On January 14, Berger Paint's stock surged strongly and made a new record high, supported with a noticeable rise in volume
Polycab India jumped 6 per cent to hit a new high of Rs 1,109 since its listing on April 16, 2019
The daily, as well as weekly, MACD for Nifty, is still in buy mode; hence, the bulls still have an upper hand on that front
Paint companies' relatively good performance in recent quarters, with double-digit volume growth and strong margins, is a key driving factor
STP, formerly known as Shalimar Tar Products Ltd, become a subsidiary of Berger with effect from November 1, it said.
Stock recommendation by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
The company delivered strong April-June quarter (Q1FY20) results led by low double-digit domestic decorative paint volume growth and robust growth in subsidiary businesses.
Growth came despite a sustained slowdown in the automotive and construction segments, both of which are key users of paints
Nestle India gained 4% to Rs 12,266 apiece, surging 7% during current week, after the company reported a 11% year-on-year (YoY) rise in net profit to Rs 438 crore for the quarter ended June 2019.
While distribution and expansion plans improve volume growth visibility, benign input cost could help push up profitability
Berger Paints' total expenses rose 13.28 per cent to Rs 1,467.48 crore from Rs 1,295.38 crore in the year-ago period
Analysts foresee a 12-16% annual revenue growth
Company's loss-making Russian arm painted three World Cup soccer venues, and two airports to break even this fiscal; Berger now mulls acquiring competing painting companies
Firm could see more gains, led by recovery in rural demand
The plant will largely manufacture decorative paints and cater to local needs for industrial coatings
It seeks shareholders' approval to diversify the portfolio
Berger Paints total income increased by 7.91% to Rs 1,151 crore
India's second largest paint maker Berger Paints has entered into a partnership with Japan based Chugoku Marine Paints (CMP) which marks the former's entry into the marine paints segment.While initially, Berger Paints will act like a production partner for CMP India to cater to its clients, the partnership also opens up a possibility of a future joint-venture.Abhijit Roy, managing director and CEO of Berger Paints said that under the current terms of the treaty, CMP will procure paint from its VVN plant in Gujarat which has an installed capacity of 4,000 tonnes per month."However, we might opt for a joint venture to enter this segment directly", he said.Its plants in Jejuri in Maharashtra and Pondicherry will also be used for rolling out marine paints products in the near future.While Berger Paints will have limited branding visibility as the paint will be sold under the CMP brand name in India, the company is expected to gain hands-on experience in the marine coatings business to ...
Berger will initially be a production partner for Chugoku Marine Paints India