Berger Paints has rallied 10% to Rs 165, also its record high on back of heavy volumes.
As many as a combined 1.07 million shares have already changed hands on the counter till 1100 hours against an average sub 200,000 shares that were traded daily in past two weeks.
Last month, on December 19, the company’s largest stake holder, UK Paints India, acquired an additional 350,000 shares in the company from promoter Meeta Dhingra. The shares were purchased for an average price of Rs 151 per share aggregating the deal size to Rs 5.28 crore.
