Berger Paints tumbles after Q4 results

The Q4 result was announced after market hours on Thursday, 30 May 2013.

Meanwhile, the S&P BSE Sensex was down 249.59 points or 1.23% at 19,965.81.

On BSE, 47,000 shares were traded in the counter as against average daily volume of 79,416 shares in the past one quarter.

The stock hit a high of Rs 236.65 and a low of Rs 228.55 so far during the day. The stock had hit a 52-week low of Rs 124.55 on 19 July 2012. The stock had hit a record high of Rs 254.70 on 23 May 2013.

The stock had outperformed the market over the past one month till 30 May 2013, surging 26.02% compared with the Sensex's 3.65% rise. The scrip had also outperformed the market in past one quarter, jumping 27.32% as against Sensex's 7.18% surge.

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

Berger Paints India's net profit rose 18.3% to Rs 209.80 crore on 13.6% growth in net sales to Rs 3012.99 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

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

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