Buy Berger Paints, target Rs 302: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Berger Paints (India) Ltd. with a target price of Rs 302. The current market price of Berger Paints (India) Ltd. is Rs 292.8. The time period given by the analyst is Intra Day when Berger Paints (India) Ltd. price can reach defined target. Kunal Bothra recommended to keep stop loss at Rs 287.

Berger Paints (India) Ltd., incorporated in the year 1923, is a Large Cap company (having a market cap of Rs 28431.80 Crore) operating in Paints and Pigments sector.

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.

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 31-03-2018, the company has a total of 971,031,428 shares outstanding.