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Sell Berger Paints (India), target Rs 490: Kunal Bothra

Sell Berger Paints (India) Ltd. at a price target of Rs 490.0 and a stoploss at Rs 535 from entry point.

ETMarkets.com|
Updated: Nov 01, 2019, 09.11 AM IST
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Sell-15
Independent analyst Kunal Bothra has a sell call on Berger Paints (India) Ltd. with a target price of Rs 490. The current market price of Berger Paints (India) Ltd. is Rs 526.65. Time period given by the analyst is Intra Day when Berger Paints (India) Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 535. Berger Paints (India) Ltd., incorporated in 1923, has a market cap of Rs 51144.55 crore.

Berger Paints (India) Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes which contributed Rs 5457.05 Crore to Sales Value (98.93 % of Total Sales), Other Operating Revenue which contributed Rs 44.36 Crore to Sales Value (0.80 % of Total Sales), Scrap which contributed Rs 10.79 Crore to Sales Value (0.19 % of Total Sales) and Contract Revenue which contributed Rs 3.35 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 1716.53 Crore, up 16.60 % from last quarter Sales of Rs 1472.09 Crore and up 15.75 % from last year same quarter Sales of Rs 1483.01 Crore Company has reported net profit after tax of Rs 176.53 Crore in latest quarter. The company’s top management includes Mr.Abhijit Roy, Mr.Anoop Hoon, 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, Mrs.Sonu Bhasin. Company has S R Batliboi & Co. LLP as its auditors. As on 30-09-2019, the company has a total of 971,129,711 shares outstanding.

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