Berger Paints gains after strong Q1 numbers

Berger Paints India rose 2.78% to Rs 224 at 13:08 IST on BSE after consolidated net profit rose 34.5% to Rs 77.30 crore on 5.7% growth in net sales and other operating income to Rs 1121.20 crore in Q1 June 2015 over Q1 June 2014.

The Q1 result was announced during market hours today, 3 August 2015.

Meanwhile, the S&P BSE Sensex was up 76.15 points or 0.27% at 28,190.71.

The stock advanced on high volumes. On BSE, so far 2.44 lakh shares were traded in the counter as against average daily volume of 45,718 shares in the past one quarter.

The stock was volatile. The stock rose as much as 5.52% at the day's high of Rs 230 so far during the day. The stock rose 0.02% at the day's low of Rs 218 so far during the day. The stock had hit a record high of Rs 252.70 on 9 January 2015. The stock had hit a 52-week low of Rs 145.18 on 1 August 2014.

The stock had outperformed the market over the past one month till 31 July 2015, advancing 11.74% compared with Sensex's 1.2% rise. The scrip had, however, underperformed the market in past one quarter, gaining 3.61% as against Sensex's 4.08% rise.

The large-cap paint maker has equity capital of Rs 69.33 crore. Face value per share is Re 1.

Berger Paints India manufactures and markets a range of decorative and industrial paint products and has operations throughout India.

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