Page 3 - Berger Paints
Berger capex remain unaffected amid pandemic, aims higher market share
The country's second-largest paint maker Berger Paints said that despite the pandemic its capital expenditure for this fiscal remain unaffected and will be the same as last year. The major investment will be in its upcoming Sandila plant near Lucknow of around Rs 260 crore and the plant was expected to be operational from 2022 onwards, a company official said on Friday. The company was implementing a few strategies to narrow the gap with the market leader Asian Paints that commands about 50 per cent share in the paints industry. "Yes, we love to gain further market share and close the gap between us and Asian Paints, and that is our endeavour. We have taken a lot of measures," Abhijit Roy, MD & CEO, said while replying to shareholders' questions during the 96th AGM of Berger Paints. "They (Asian Paints) are about three times our size and we are about 18-20 per cent and are quite hopeful that some of our strategies might work," Roy told reporters. He said the company
 "Berger capex remain unaffected amid pandemic, aims higher market share")
Paint stocks' valuations dicey, investors should await better entry point
Gains from expected business recovery and benign input costs already priced in Asian Paints and Berger Paints' scrips
 "Paint stocks' valuations dicey, investors should await better entry point")
Berger Paints: Weaker Q1 show indicates premium valuation unjustifiable
46% fall in top line and muted profit margin led to 88% dip in pre-tax profit in June quarter
 "Berger Paints: Weaker Q1 show indicates premium valuation unjustifiable")
MARKET WRAP: Sensex gains 173 pts as auto, IT, and metal stocks advance
All that happened in the markets today
 "MARKET WRAP: Sensex gains 173 pts as auto, IT, and metal stocks advance")
Berger Paints falls 4% as Q1 net profit slips 91% YoY; what brokerages say
It had posted a net profit of Rs 176.41 crore in the corresponding quarter of the previous fiscal.
 "Berger Paints falls 4% as Q1 net profit slips 91% YoY; what brokerages say")
Stock calls by Sameet Chavan of Angel Broking: Sell Tata Motors, Biocon
One can see a formation of 'Bearish Engulfing' pattern on Tata Motors' daily chart
 "Stock calls by Sameet Chavan of Angel Broking: Sell Tata Motors, Biocon")
Covid-19 impact: Berger Paints India Q1 net profit down 91% to Rs 15 cr
Berger Paints India Ltd on Friday reported a 91.44 per cent decline in consolidated net profit to Rs 15.09 crore for the quarter ended June, hit by the Covid-19 crisis
Stay light as Nifty nearing crucial hurdles: Sameet Chavan of Angel Broking
On the downside, a move below 11,100 would lead to immediate correction towards 10,950 - 10,880 levels
 "Stay light as Nifty nearing crucial hurdles: Sameet Chavan of Angel Broking")
Faster recovery in rural areas, cheaper oil augur well for paint firms
Shares of Asian Paints, Berger Paints, and Kansai Nerolac gained between 3.7 and 7 per cent, even as the Sensex fell 1.5 per cent on Wednesday
 "Faster recovery in rural areas, cheaper oil augur well for paint firms")
Berger Paints India's Q4 net profit declines 6.5% to Rs 103.18 cr
The company had posted a net profit of Rs 110.37 crore during the January-March quarter of the previous fiscal, Berger Paints India said in a regulatory filing
Paint stocks trade weak on concern of demand destruction in near term
Asian Paints, Berger Paints India, Kansai Nerolac Paints and Akzo Nobel India slipped in the range of 2 per cent and 5 per cent on the BSE.
 "Paint stocks trade weak on concern of demand destruction in near term")
Hindustan Unilever's valuation premium over peers hits record high
Trading at 77x, its trailing 12-month net profit against industry average of about 43x
 "Hindustan Unilever's valuation premium over peers hits record high")
Derivatives strategy on Berger Paints by Nandish Shah of HDFC Securities
Long build-up is seen in the Berger Paints Futures where we have seen rise in Open Interest with price moving up by 1.70 per cent
 "Derivatives strategy on Berger Paints by Nandish Shah of HDFC Securities")
Market Ahead, February 5: Top factors that could guide markets today
Today, a total of 126 companies, including Adani Enterprises, Berger Paints, Cipla, and Indiabulls Housing, are scheduled to announce their December quarter results
 "Market Ahead, February 5: Top factors that could guide markets today")
Weekly stock picks by Religare Broking: Buy Berger Paints, REC Limited
On January 14, Berger Paint's stock surged strongly and made a new record high, supported with a noticeable rise in volume
Asian Paints, Berger Paints & 16 other BSE500 stocks hit new highs
Polycab India jumped 6 per cent to hit a new high of Rs 1,109 since its listing on April 16, 2019
 "Asian Paints, Berger Paints & 16 other BSE500 stocks hit new highs")
Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi
The daily, as well as weekly, MACD for Nifty, is still in buy mode; hence, the bulls still have an upper hand on that front
Broad strokes: Pricing power to help paint majors clock volume-led growth
Paint companies' relatively good performance in recent quarters, with double-digit volume growth and strong margins, is a key driving factor
 "Broad strokes: Pricing power to help paint majors clock volume-led growth")
Berger to acquire remaining 3.59pc stake in STP 'shortly'
STP, formerly known as Shalimar Tar Products Ltd, become a subsidiary of Berger with effect from November 1, it said.
Top stock recommendations by Anand Rathi: Buy Berger Paints, sell Sun TV
Stock recommendation by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
 "Top stock recommendations by Anand Rathi: Buy Berger Paints, sell Sun TV")
