Buy Berger Paints, price target Rs 525: Shubham Aggarwal

Shubham Aggarwal of Quantsapp Advisory has a buy call on Berger Paints (India) Ltd. with a target price of Rs 525. The current price of Berger Paints (India) Ltd. is Rs 507.8. Shubham Aggarwal recommended to keep a stop loss at Rs 495.

Berger Paints (India) Ltd., incorporated in the year 1923, is a Large Cap company (having a market cap of Rs 49085.75 Crore) operating in Building Materials sector.

Berger Paints (India) Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes which contributed Rs 5457.05 Crore to Sales Value (98.93 per cent of Total Sales), Other Operating Revenue which contributed Rs 44.36 Crore to Sales Value (0.80 per cent of Total Sales), Scrap which contributed Rs 10.79 Crore to Sales Value (0.19 per cent of Total Sales) and Contract Revenue which contributed Rs 3.35 Crore to Sales Value (0.06 per cent of Total Sales) for the year ending 31-Mar-2019.


For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 1716.53 Crore, up 16.60 per cent from last quarter Sales of Rs 1472.09 Crore and up 15.75 per cent from last year same quarter Sales of Rs 1483.01 Crore. Company has reported net profit after tax of Rs 176.53 Crore in latest quarter.