Buy Berger Paints, price target Rs 540: CK Narayan

CK Narayan of Chart Advise has a buy call on Berger Paints (India) Ltd. with a target price of Rs 540. The current price of Berger Paints (India) Ltd. is Rs 538.55. Time period given by the analyst is Intra Day when Berger Paints (India) Ltd. price can reach defined target. CK Narayan recommended to keep a stop loss at Rs 522.

Berger Paints (India) Ltd., incorporated in the year 1923, is a Large Cap company (having a market cap of Rs 51484.44 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 % of Total Sales), Other Operating Revenue which contributed Rs 44.36 Crore to Sales Value (0.80 % of Total Sales), Scrap which contributed Rs 10.79 Crore to Sales Value (0.19 % of Total Sales) and Contract Revenue which contributed Rs 3.35 Crore to Sales Value (0.06 % 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 % from last quarter sales of Rs 1472.09 Crore and up 15.75 % 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.