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    Sell Berger Paints (India), target price Rs 710: HDFC Securities

    Synopsis

    Berger Paints (India) Ltd., incorporated in the year 1923, is a Large Cap company (having a market cap of Rs 78553.49 Crore) operating in Building Materials sector.

    Promoters held 74.99 per cent stake in the company as of 30-Sep-2021, while FIIs owned 11.22 per cent, DIIs 3.9 per cent.
    HDFC Securities has sell call on (India) with a target price of Rs 710. The current market price of Berger Paints (India) is Rs 809.9.

    Time period given by analyst is one year when Berger Paints (India) Ltd. price can reach defined target.

    Berger Paints (India) Ltd., incorporated in the year 1923, is a Large Cap company (having a market cap of Rs 78553.49 Crore) operating in Building Materials sector.

    Berger Paints (India) Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes, Contract Revenue, Other Operating Revenue and Scrap for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1815.52 Crore, down -11.05 % from last quarter Total Income of Rs 2041.09 Crore and up 93.43 % from last year same quarter Total Income of Rs 938.59 Crore. Company reported net profit after tax of Rs 141.32 Crore in latest quarter.


    Promoter/FII Holdings
    Promoters held 74.99 per cent stake in the company as of 30-Sep-2021, while FIIs owned 11.22 per cent, DIIs 3.9 per cent.
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