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Berger Paints edges higher on fixing record date for 2 for 1 stock split

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Berger Paints India rose 0.4% to Rs 404 at 12:00 IST on BSE after the company said it has fixed 9 January 2015 as the record date for 2 for 1 stock split.

The company made announcement after trading hours yesterday, 31 December 2014

Meanwhile, the S&P BSE Sensex was down 23.55 points or 0.09% at 27,475.87.

On BSE, so far 8,149 shares were traded in the counter as against average daily volume of 61,126 shares in the past one quarter.

The stock hit a high of Rs 406.45 and a low of Rs 401.05 so far during the day. The stock hit a record high of Rs 452.60 on 1 December 2014. The stock hit a 52-week low of Rs 200.55 on 4 February 2014.

 

The stock had outperformed the market over the past one month till 31 December 2014, rising 2.42% compared with Sensex's 4.16% fall. The scrip had also outperformed the market in past one quarter, gaining 6.3% as against Sensex's 3.26% rise.

The large-cap paint maker has equity capital of Rs 69.33 crore. Face value per share is Rs 2.

Berger Paints India's consolidated net profit rose 7% to Rs 67.03 crore on 13.9% rise in total income to Rs 1110.35 crore in Q2 September 2014 over Q2 September 2013.

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First Published: Jan 01 2015 | 11:55 AM IST

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