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    Reduce Berger Paints (India), target price Rs 626: ICICI Securities

    Synopsis

    Berger Paints (India) Ltd., incorporated in the year 1923, is a Large Cap company (having a market cap of Rs 61734.10 Crore) operating in Building Materials sector.

    PaintsAgencies
    Promoters held 74.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 11.03 per cent, DIIs 3.58 per cent.
    ICICI Securities has reduce call on Berger Paints with a target price of Rs 626. The current market price of Berger Paints (India) is Rs 636.65.

    Berger Paints (India) Ltd., incorporated in the year 1923, is a Large Cap company (having a market cap of Rs 61734.10 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-2022.


    Financials
    For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2772.74 Crore, up 25.65 % from last quarter Total Income of Rs 2206.63 Crore and up 52.72 % from last year same quarter Total Income of Rs 1815.52 Crore. Company reported net profit after tax of Rs 250.24 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 74.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 11.03 per cent, DIIs 3.58 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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