Buy Berger Paints (India), target Rs 350: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Berger Paints (India) Ltd. with a target price of Rs 350.0 . The current market price of Berger Paints (India) Ltd. is Rs 328.45 Time period given by the analyst is Intra Day when Berger Paints (India) Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 316. Berger Paints (India) Ltd., incorporated in the year 1923, is a largecap company with a market cap of Rs 31849.95 crore.

Berger Paints (India) Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes which contributed Rs 4594.57 Crore to Sales Value (99.69 % of Total Sales), Scrap which contributed Rs 7.36 Crore to Sales Value (0.15 % of Total Sales) and Other Operating Revenue which contributed Rs 6.60 Crore to Sales Value (0.14 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 1483.01 Crore, up 14.23 % from last quarter Sales of Rs 1298.27 Crore and up 18.91 % from last year same quarter Sales of Rs 1247.12 Crore Company has reported net profit after tax of Rs 134.08 Crore in latest quarter. The company’s top management includes Mr.Abhijit Roy, Mr.Dhirendra Swarup, Mr.Gopal Krishna Pillai, Mr.Gurbachan Singh Dhingra, Mr.Kamal Ranjan Das, Mr.Kanwardip Singh Dhingra, Mr.Kuldip Singh Dhingra, Mr.Naresh Gujral, Mr.Pulak Chandan Prasad, Mrs.Rishma Kaur. Company has S R Batliboi & Co. LLP as its auditoRs As on 30-06-2018, the company has a total of 971,035,015 shares outstanding.