Stock market: What to buy, sell and hold
Edelweiss has a buy rating on Berger Paints with a target price of Rs 321 citing that FY17 is expected to be better as it would benefit from pick up in urban growth.03-06-2016
03-06-2016
Investor Presentation
Berger Paints India Ltd has submitted to BSE a copy of Investor Presentation.01-06-2016
Berger Paints Q4 net up 60 per cent at Rs 92.77 crore
The company's net sales during the quarter under review stood at Rs 1,126.45 crore, an increase of 8.50 per cent as compared to Rs 1,038.13 crore in the year-ago period, Berger Paints said in a BSE filing.30-05-2016
Board recommends Bonus Issue
Berger Paints India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2016, inter alia, has recommended the following for the approval of the Members through Postal ballot and e-voting:1. Issue of Bonus Shares in the proportion of 2 (Two) Bonus Shares of Re. 1/- (Rupee One) each for every existing 5 (Five) fully paid-up Ordinary Shares of Re. 1/- (Rupee One) each; the said Bonus Shares, if approved...30-05-2016
Board recommends Final Dividend (AGM on Aug 03, 2016)
Berger Paints India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2016, inter alia, has recommended (subject to the approval of the Members at the Annual General Meeting to be held on August 03, 2016), a final dividend of Re. 1.00 (100%) per equity share of Re.1.00 each. This, together with the Interim Dividend already paid amounting to Re. 0.65 (65%) per equity share will make a total dividend of Rs. 1.65(165%).30-05-2016
Announces Q4 & FY16 Results (Standalone & Consolidated), Auditors Report (Standalone & Consolidated) & Results Press Release for the period ended March 31, 2016
Berger Paints India Ltd has announced the following results for the quarter & year ended March 31, 2016:The Un-Audited Standalone results for the Quarter ended March 31, 2016The Company has posted a net profit of Rs. 947.50 million for the quarter ended March 31, 2016 as compared to Rs. 706.80 million for the quarter ended March 31, 2015. Total Income has increased from Rs. 9361.70 million for the quarter ended March 31, 2015 to Rs....30-05-2016
Berger Paints focusses on auto paints as it restructures itself
The firm has 13% market share in the Rs 3,000 cr auto paints industry, but is totally absent in passenger-car segment28-05-2016
Behind Berger's rise as India's second largest paints company
The Dhingras' relentless focus on the business has taken Berger Paints to the second spot in India's paint industry Read more25-05-2016
'India's cost competitiveness in manufacturing vis--vis Europe may decline'
NEW DELHI: India's cost competitiveness in manufacturing vis-a-vis Europe may decline from current level of about 44 perent to 30 per cent by 2023 owing to growing labour costs, according to an Assocham-Roland Berger joint study. "Manufacturing in India is currently 15 per cent cheaper than Europe but the cost difference is reducing due to increasing wages and other costs," noted a study titled 'Indian Auto Industry: The way ahead,' conducted by The Associated Chambers of Commerce and Industry of Industry of India (Assocham) and Roland Berger Strategy Consultants. It highlighted that India has a natural cost advantage in engineering works vis-a-vis Europe, being over 44 per cent currently and by 2023; India is expected to still be 30 per cent cheaper than Europe. "There is a need to encourage industry-academia collaborations to understand innovation requirements better, besides funds should be attracted from private sector to support research at academic and research & development (R&D;) institutions," recommended the Assocham-Roland Berger study. "Availability of both basic infrastructure facilities and skilled workforce can increase the scope for R&D; centres in smaller cities and towns," it added. Suggesting various policy measures for growth of automobile and manufacturing sector in India, the study has suggested that it is imperative to do away with archaic labour laws thereby addressing the issue of labour reforms. The study has also suggested that Government must cut red tape as bureaucratic hurdles and convoluted processes are primary reasons for India's tough business environment. There is a need to upgrade basic infrastructure as poor infrastructure and...18-05-2016