Berger Paints shines after good Q1 earnings

Berger Paints India rose 3.77% to Rs 141.80 at 10:24 IST on BSE after consolidated net profit rose 19.4% to Rs 44.40 crore on 15.9% growth in net sales to Rs 803.40 crore in Q1 June 2012 over Q1 June 2011.

The company announced the results after market hours on Thursday, 2 August 2012.

Meanwhile, the BSE Sensex was down 180.62 points or 1.05% to 17,043.74.

On BSE, 50,000 shares were traded in the counter as against average daily volume of 60,116 shares in the past one quarter.

The stock hit a high of Rs 141.95 and a low of Rs 135.95 so far during the day. The stock had hit a record high of Rs 153.30 on 14 June 2012. The stock had hit a 52-week low of Rs 78.15 on 21 December 2011.

The stock had outperformed the market over the past one month till 2 August 2012, rising 0.04% compared with the Sensex's 1% fall. The scrip had also outperformed the market in past one quarter, jumping 14.21% as against Sensex's 0.45% fall.

The mid-cap paint maker has an equity capital of Rs 69.23 crore. Face value per share is Rs 2.

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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