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Sell Berger Paints (India) Ltd. target Rs 240.0 : Manas Jaiswal

ETMarkets.com|
Dec 04, 2017, 04.17 PM IST
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Manas Jaiswal of manasjaiswal.com has sell call on Berger Paints (India) Ltd. with a target price of Rs 240.0 . The current market price of Berger Paints (India) Ltd. is Rs 251.25 Time period given by analyst is Intra Day when Berger Paints (India) Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 255
Berger Paints (India) Ltd., incorporated in the year 1923, is a Large Cap company (having a market cap of Rs 24920.37 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.

For the quarter ended 30-09-2017, the company has reported a Consolidated sales of Rs 1281.71 Crore, up 2.77 % from last quarter Sales of Rs 1247.12 Crore and up 12.22 % from last year same quarter Sales of Rs 1142.14 Crore Company has reported net profit after tax of Rs 108.84 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 30-09-2017, the company has a total of 970,986,647 shares outstanding.
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Buy Berger Paints (India) target Rs 280: Sagar Doshi

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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