Berger Paints India advanced 1.81% to Rs 238.95 at 14:09 IST on BSE after the company said it has commenced commercial production at its paint and putty plant in Assam.
The announcement was made after market hours yesterday, 29 March 2017.Meanwhile, the S&P BSE Sensex was up 33.92 points or 0.11% at 29,565.35.
On the BSE, 52,000 shares were traded on the counter so far as against the average daily volumes of 2.93 lakh shares in the past one quarter. The stock had hit a high of Rs 239 and a low of Rs 235.20 so far during the day. It had hit a record high of Rs 276.80 on 12 September 2016 and a 52-week low of Rs 164.29 on 28 March 2016.
The large-cap company has equity capital of Rs 97.10 crore. Face value per share is Rs 1.
The British Paints Division of Berger Paints India has commenced commercial production of its paint and putty plant at Nalbari, Assam on 29 March 2017. The plant has a capacity of 6,600 KL/MT per annum of solvent and water based paints and 7,200 MT per annum of putty and distemper.
On consolidated basis, Berger Paints India's net profit fell 2% to Rs 109.12 crore on 5.2% growth in net sales to Rs 1170.20 crore in Q3 December 2016 over Q3 December 2015.
Berger Paints India manufactures and markets a range of decorative and industrial paint products and has operations throughout India.
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