Berger Paints | The company reported higher consolidated profit at Rs 274.8 crore in Q3FY21 against Rs 182.3 crore in Q3FY20, revenue jumped to Rs 2,118.2 crore from Rs 1,696 crore YoY.
Berger Paints India share price was up over 3 percent in the morning session on February 10 after the company declared its Q3 results.
The paint maker on February 9 reported a 51.2 percent jump in consolidated net profit to Rs 275 crore for the quarter ended December 2020. It had posted a net profit of Rs 181.9 crore in the October-December quarter a year ago.
Revenue from operations of the company stood at Rs 2,118.2 crore, up 25 percent, during the quarter under review as against Rs 1,695.9 crore in the corresponding period of the last fiscal, Berger Paints said in a BSE filing.
The stock was trading at Rs 777.95, up Rs 16.65, or 2.19 percent at 09:26 hours. It has touched an intraday high of Rs 792.10 and an intraday low of Rs 771.70.
According to Moneycontrol SWOT Analysis powered by Trendlyne, the stock is showing strong momentum: price above short, medium and long term moving averages. The company has zero promoter pledge with FII / FPI or institutions increasing their shareholding.
Moneycontrol technical rating is very bullish with moving averages and technical indicators being bullish.
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