Hold Berger Paints, target price Rs 750: ICICI Securities

ICICI Securities has hold call on Berger Paints with a target price of Rs 750. The current market price of Berger Paints (India) Ltd. is Rs 718.9.

Berger Paints (India) Ltd., incorporated in the year 1923, is a Large Cap company (having a market cap of Rs 69670.99 Crore) operating in Building Materials sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 2133.79 Crore, up 20.84 % from last quarter Total Income of Rs 1765.73 Crore and up 24.77 % from last year same quarter Total Income of Rs 1710.13 Crore. Company reported net profit after tax of Rs 273.97 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of June 30, 2020, while FIIs held 11.7 per cent, DIIs 3 per cent and public and others 10.3 per cent.