update

Berger Paints strengthens on reporting 17% rise in Q1 consolidated net profit.

• Berger Paints India’s net profit has surged by 13.39% at Rs 62.55 crore as compared to Rs 55.16 crore for the quarter ended June 30, 2013. Its total income has increased by 14.99% to Rs 949.66 crore for the quarter under review from Rs 825.81 crore for the corresponding quarter of the previous year.
• On the consolidated basis, the company has reported 17.02% rise in its net profit after taxes, minority interest and share of profit / (loss) of associates at Rs 57.46 crore for the quarter as compared to Rs 49.10 crore for the same quarter in the previous year. Total income has increased by 16.86% at Rs 1070.96 crore for quarter under review as compared to Rs 916.41 crore for the quarter ended June 30, 2013. 
• The promoters holding in the company stood at 74.96% while Institutions and Non-Institutions held 14.50% and 10.54% respectively.
• The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 315.95 on 08-Jul-2014 and a 52 week low of Rs. 191.00 on 02-Aug-2013.
• Last one week high and low of the scrip stood at Rs. 306.80 and Rs. 290.35 respectively. The current market cap of the company is Rs. 10394.76 crore.
• The scrip opened at Rs. 299.00 and has touched a high and low of Rs. 301.00 and Rs. 297.55 respectively. So far 6571 shares were traded on the counter.
• Berger Paints India is currently trading at Rs. 302.00, up by 5.00 points or 1.68% from its previous closing of Rs. 297.00 on the BSE.