ICICI Direct recommended hold rating on Berger Paints India with a target price of Rs 600 in its research report dated February 04, 2023.

Hold Berger Paints India; target of Rs 600: ICICI Direct

Berger Paints shares opened on a flat note at Rs 564.50 against the previous close of Rs 563.50 on BSE. Market capitalisation of the firm fell to Rs 54,422 crore.

Berger Paints shares trading 5% away from 52-week low; what should investors do?

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Due to prolonged monsoon, revenues of exterior emulsion were affected.

Berger Paints - Transitory Issues Impacted Q3; Cyclical Challenges Emerge For FY24: ICICI Securities

Berger Paints India recovered from its 52-week lows tested in early trade on February 3.

Berger Paints India Q3 net profit declines 20.5%; what do brokerages say?

Berger Paints India reported 20.48% decline in consolidated net profit to Rs 201.17 crore for the quarter ended 31 December 2022 as against Rs 252.97 crore in the corresponding quarter of the last year.

Berger Paints Q3 PAT down over 20% YoY; decorative business records decent growth

HDFC Asset Management Company (HDFC AMC): The company said that it has received approval from SEBI for change in control of the company due to proposed stake sale by abrdn Investment Management Limited, the co-sponsor of HDFC Mutual Fund. abrdn can

HDFC AMC, Tata Consumer, Berger Paints, NMDC in focus

Berger Paints Consolidated December 2022 Net Sales at Rs 2,693.59 crore, up 5.6% Y-o-Y

Berger Paints India Ltd on Thursday reported a decline of 20.47 per cent in its consolidated net profit at Rs 201.17 crore in the third quarter ended December 2022.

Berger Paints Q3 net down 20.4% to Rs 201 cr; revenue up 6% to Rs 2,694 cr

The company’s scrip closed at ₹540.95, down 1.59 per cent on the BSE on Thursday

Berger Paints Q3 net down 6% owing to capacity constraints

Berger Paints Q3: Revenue from operations for the quarter under review came in at Rs 2,693.6 crore, a 5.6 percent increase from Rs 2,550.8 crore registered in the year’s corresponding period.

Berger Paints Q3 result: Net profit declines 20.5% to Rs 200 crore

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Berger Paints India Limited is engaged in the manufacture of paints and varnishes, enamels or lacquers. 