800 per cent returns: Board announced bonus shares and PAT zooms over 40 per cent!
Shares of this company have gained more than 20 per cent in the last six months.
Berger Paints India Limited informed in the exchange filing that the Board of the company has recommended the issuance of bonus equity shares of the company in the ratio of 1:5 i.e., 1 (One) Equity Share of Re 1.00 each for every 5 (Five) equity shares of Re. 1 each. For the purpose of the same, the board has fixed the record date on Saturday, September 23, 2023.
The company posted strong Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 3029.51 crore which grew by 9.78 per cent YoY. The operating profit of the company stood at Rs 570.33 crore, while the PAT of the company stood at Rs 351.14 crore, representing a growth of 40.32 per cent YoY.
Berger Paints India Limited is one of the leading manufacturers and sellers of paints and varnishes in India with an established brand. It is present in both the decorative paint segment (around 80% of the sales) and the industrial segment, namely, general, automotive, protective and powder coatings. The Berger Group also has an international presence in eight countries, including Russia, Nepal, Bangladesh, and certain countries of Europe.
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In the last 10 years, the shares of the company have given more than 800 per cent returns, and in last 5 years, the stock has given about 130 per cent returns.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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