Friday 13 December 2013

Berger Paints surges as promoters hike stake in the company

Berger Paints India is currently trading at Rs. 235.45, up by 6.80 points or 2.97% from its previous closing of Rs. 228.65 on the BSE.

The scrip opened at Rs. 230.75 and has touched a high and low of Rs. 239.15 and Rs. 230.75 respectively. So far 73371 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 256.30 on 19-Jul-2013 and a 52 week low of Rs. 146.25 on 14-Dec-2012.

Last one week high and low of the scrip stood at Rs. 240.00 and Rs. 227.20 respectively. The current market cap of the company is Rs. 8204.60 crore.

The promoters holding in the company stood at 74.96% while Institutions and Non-Institutions held 14.35% and 10.69% respectively.

Berger Paints India’s foreign promoter has bought 0.1% stake in the company on December 12, 2013. UK Paints India bought 3.50 lakh shares of the company at Rs 228.50 per share in a block deal on NSE. Vinu Dhingra was the seller in the transaction.

As on 30 September 2013, total promoter holding in Berger Paints India was 74.96%. UK Paints India held 45.64% stake in the company, while Vinu Dhingra owned 2.21% stake in Berger Paints India.

Berger Paints India manufactures and markets a range of decorative and industrial paint products and has operations throughout India.

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