03 Aug berger paints stocks: Buy Berger Paints (India), target price Rs 790: Axis Securities
Berger Paints (India), incorporated in the year 1923, is a Large Cap company (having a market cap of Rs 69510.14 Crore) operating in Building Materials sector.
Berger Paints (India) key Products/Revenue Segments include Paints, Enamels, Varnishes, Contract Revenue, Other Operating Revenue and Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 2458.70 Crore, down -9.09 % from last quarter Total Income of Rs 2704.47 Crore and up 11.42 % from last year same quarter Total Income of Rs 2206.63 Crore. Company has reported net profit after tax of Rs 208.20 Crore in latest quarter.
Investment Rationale
Series of higher tops and higher bottoms and multiple resistance breakout at 700 with rising volumes.
Promoter/FII Holdings
Promoters held 74.99 per cent stake in the company as of 30-Jun-2023, while FIIs owned 10.83 per cent, DIIs 3.74 per cent.
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