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Berger Paints shines on plan of expanding its Jejuri plant

04 Aug 2016

Berger Paints India is currently trading at Rs. 241.70, up by 7.15 points or 3.05% from its previous closing of Rs. 234.55 on the BSE.

The scrip opened at Rs. 240.00 and has touched a high and low of Rs. 241.90 and Rs. 236.40 respectively. So far 52457 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 267.00 on 15-Jul-2016 and a 52 week low of Rs. 139.29 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 249.60 and Rs. 227.40 respectively. The current market cap of the company is Rs. 23276.59 crore.

The promoters holding in the company stood at 74.98%, while Institutions and Non-Institutions held 14.52% and 10.50% respectively.

Berger Paints is looking to expand its Jejuri plant near Pune at an investment of Rs 100 crore by next financial year and also double revenue within five years. The company has taken up a capacity expansion programme to enhance production substantially at the plant. Presently, the plant’s capacity is 12,000 tonnes, which will be increased to 22,000 tonnes.

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.

Related Berger Paints India Ltd. Links:

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SEBI Registered: Investment Adviser - INA000013323