Berger Paints drops on profit booking after Tuesday's rally

Meanwhile, the BSE Sensex was down 47.95 points or 0.24% at 19,938.87.

On BSE, 95,000 shares were traded in the counter as against average daily volume of 61,308 shares in the past one quarter.

The stock hit a high of Rs 164 and a low of Rs 158.20 so far during the day. The stock had hit a record high of Rs 166.65 on Tuesday, 15 January 2013. The stock had hit a 52-week low of Rs 93 on 23 January 2012.

The stock had outperformed the market over the past one month till 15 January 2013, surging 9.92% compared with the Sensex's 3.47% rise. The scrip had also outperformed the market in past one quarter, jumping 13.21% as against Sensex's 6.8% surge.

The mid-cap paint maker has equity capital of Rs 69.26 crore. Face value per share is Rs 2.

Shares of Berger Paints India had surged 7.9% to settle at Rs 162.35 on Tuesday, 15 January 2013.

Berger Paints India's consolidated net profit rose 8.4% to Rs 53.40 crore on 12.3% growth in net sales to Rs 808.30 crore in Q2 September 2012 over Q2 September 2011. The company unveils Q3 December 2012 results on 2 February 2013.

Berger Paints India is engaged in manufacturing and marketing paints and varnishes in India. Headquartered in Kolkata, the company manufactures and markets a range of decorative and industrial paint products under various product brands and has its operations spread throughout the length and breath of the country with seven manufacturing facilities in India and more than 85 depots, several regional and area offices, besides four facilities overseas.

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