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Berger Paints corrects on profit booking

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Meanwhile, the BSE Sensex was up 59.48 points, or 0.30%, to 19,998.52.

On BSE, 18,000 shares were traded in the counter as against an average daily volume of 84,669 shares in the past one quarter.

The stock hit a high of Rs 220.20 and a low of Rs 216.65 so far during the day. The stock had hit a record high of Rs 223.50 on 9 May 2013. The stock had hit a 52-week low of Rs 117.45 on 9 May 2012.

The stock had outperformed the market over the past one month till 9 May 2013, rising 12.54% compared with the Sensex's 9.40% rise. The scrip had also outperformed the market in past one quarter, rising 29.86% as against Sensex's 2.33% rise.

 

The mid-cap company has an equity capital of Rs 69.26 crore. Face value per share is Rs 2.

Berger Paints India's consolidated net profit jumped 56.4% to Rs 76.80 crore on 17.4% growth in net sales to Rs 917.10 crore in Q3 December 2012 over Q3 December 2011. The company will announce its year ended March 2013 results on 30 May 2013.

Berger Paints India manufactures and markets a range of decorative and industrial paint products and has operations throughout India with seven manufacturing facilities, over 135 depots, over 2,500 employees and more than 15,000 dealers.

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First Published: May 10 2013 | 10:28 AM IST

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