Stock of Interest

Posted On: July 24, 2023

Stock Report : BERGEPAINT (NSE) 21 Jul 2023

Berger Paints Ltd, a renowned Indian multinational paint company headquartered in Kolkata, has a rich history dating back to 1923. Over the years, it has become a leading player in the chemicals industry, operating 16 manufacturing units in India, two in Nepal, and one each in Poland and Russia. The company specializes in a wide range of products, including decorative paints, industrial finishing products, and coatings. Berger Paints has expanded its presence to five countries, including India, Russia, Poland, Nepal, and Bangladesh. With a workforce of over 3,600 and an extensive network of 25,000 dealers, the company holds a significant position in the market. In 2023, Berger Paints demonstrates strong financial performance, with increased revenue of ₹10,619 crore (US$1.3 billion), along with noteworthy operating income and net income figures. The company’s total assets and total equity have also witnessed substantial growth. The Dhingra family holds a major ownership stake, and the company is guided by Chairman Kuldip Singh Dhingra, Vice Chairman Gurbachan Singh Dhingra, and MD & CEO Abhijit Roy. With a diverse product portfolio and a successful track record, Berger Paints continues to make its mark in the chemicals industry, contributing to the beautification of homes and businesses worldwide. 

#xCalData predicts #BERGEPAINT will continue its Bullish phase over the next five days and trend in the range of 716.2 to 682.7. 

In comparison to the previous month, the price of the stock has experienced an increase of 2.42% indicating a bullish. 

Majority of the technical ratios trend towards Bullish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

The Stock has doubled twice since 16 Jun 2015 and took an average of 2.2 years to double. 

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 1 years in the past.