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28 Oct 2016 | 7:25 PM
Research Report

Equity Research Report: Religare Investment Pick

Berger Paints India Ltd is the third largest paint manufacturer and the second largest decorative paint player in India. They are offering their customers a variety of innovative painting solutions, decorative or industrial. Its decorative business constitutes about 80% of its overall business.
23 Sep 2014 | 12:37 PM

To boost volumes and to garner a bigger share, the company is enhancing its production capacity and increasing its distribution network. Growing urbanization, increased construction activities and revival in the economy are the major growth drivers we expect that any slowdown would not materially affect the company. The stock is currently trading at 47.29(x) of FY14 EPS of Rs 7.44 and we advise to accumulate the stock for long term investment with price target of Rs 410.

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