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Berger Paints slips on profit booking

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Capital Market
Last Updated : Jan 01 2016 | 1:47 PM IST

Berger Paints India fell 1.83% to Rs 263.35 at 12:17 IST on BSE, with the stock sliding on profit booking after a recent rally.

Meanwhile, the S&P BSE Sensex was down 7.18 points or 0.03% at 26,110.36.

On BSE, so far 7,381 shares were traded in the counter as against average daily volume of 40,558 shares in the past one quarter.

The stock hit a high of Rs 269.10 and a low of Rs 261.65 so far during the day. The stock had hit a record high of Rs 270.85 yesterday, 31 December 2015. The stock had hit a 52-week low of Rs 171.05 on 16 June 2015.

The stock had outperformed the market over the past one month till 31 December 2015, surging 21.77% compared with Sensex's 0.11% fall. The scrip had also outperformed the market in past one quarter, advancing 22.4% as against Sensex's 0.14% fall.

The large-cap company has equity capital of Rs 69.35 crore. Face value per share is Rs 1.

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Shares of Berger Paints India had risen 6.66% in preceding four trading sessions to settle at Rs 268.25 yesterday, 31 December 2015, from a recent low of Rs 251.50 on 24 December 2015.

Berger Paints India's net profit rose 28.3% to Rs 76.21 crore on 7.2% growth in net sales to Rs 1026.81 crore in Q2 September 2015 over Q2 September 2014.

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

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First Published: Jan 01 2016 | 12:17 PM IST

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