Berger Paints hits new high in weak market, surges 12% so far in August

The company delivered strong April-June quarter (Q1FY20) results led by low double-digit domestic decorative paint volume growth and robust growth in subsidiary businesses.

Shares of Berger Paints hit a new high of Rs 372, up one per cent on the BSE in an otherwise weak market on Thursday on hopes of strong volume growth in decorative segment. In comparison, the S&P BSE Sensex was down one per cent or 312 points at 37,140 at 01:36 pm.

Thus far in August, Berger Paints has outperformed the market by surging 12 per cent, against a one per cent fall in the benchmark index. The company delivered strong April-June quarter (Q1FY20) results led by low double-digit domestic decorative paint volume growth and robust growth in