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Berger Paints rises on introducing new colouring initiative ‘Express Painting'

18 Sep 2015

Berger Paints India is currently trading at Rs. 222.10, up by 6.35 points or 2.94% from its previous closing of Rs. 215.75 on the BSE.

The scrip opened at Rs. 218.60 and has touched a high and low of Rs. 224.75 and Rs. 217.25 respectively. So far 14014 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 252.70 on 09-Jan-2015 and a 52 week low of Rs. 171.05 on 16-Jun-2015.

Last one week high and low of the scrip stood at Rs. 225.00 and Rs. 211.50 respectively. The current market cap of the company is Rs. 15061.69 crore.

The promoters holding in the company stood at 74.98% while Institutions and Non-Institutions held 11.62% and 13.40% respectively.

Berger Paints India is planning the launch of ‘Express Painting’ a new colouring initiative. This initiative will provide services of trained painters, equipped with mechanised gadgets, to colour residential units at no extra cost. It involves training of some 10,000 painters, selection of around 3,000 dealers, and creating a new series of XP Advanced paints for application through this channel.

Berger Paints India is the second largest paint company in the country with a consistent track record of being one of the fastest growing paint company, quarter on quarter, for the past few years. With 11 strategically located manufacturing units and about 170 sales offices. The company also has an international presence in 3 countries. With an employee strength of about 2,500 and a countrywide distribution network of 15,000+ dealers.

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Berger Paints India Share Price

821.90 2.05 (0.25%) Jun 18, 14:35
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SEBI Registered: Investment Adviser - INA000013323