BERGER PAINTS(INDIA) Ltd
BUY AT: BETWEEN 216 TO 224
TARGET: 234
TIME: 10 TRADING SESSIONS
ABOUT COMPANY
BUY AT: BETWEEN 216 TO 224
TARGET: 234
TIME: 10 TRADING SESSIONS
ABOUT COMPANY
Berger Paints (INDIA) Ltd is a Large Cap Company with a market Cap of 21710.51 Crores, it was incorporated in the year 1923 and operates in Paints and Pigments Sector.
Berger Paints has a year high of 276.80 and a year low of 157.19
The main Products of the Company are Paints, Enamels, Varnishes which contribute the major portion of the Revenue segment, other revenue generators are intermediate, scrap, the Company is having Mr.Abhijit Roy as its CEO and under his guidance, the Company is providing its peers with tough competition in the global level, the quarterly results of the Company has been good the net profit was down 2% but is expected to rise in the next quarter and the Stock price of Berger Paints is placed above the 200 EMA on the daily charts and we expect a target of 234 with in 5 to 10 trading sessions. We expect the down side in the stock to be capped and dip may be a reasonable chance to add on. We have a buy on this stock.
No comments:
Post a Comment