880 per cent returns in this multibagger stock; Board likely to announce bonus shares!
The shares of the company have a ROE of 20.40 per cent and a ROCE of 23.80 per cent.
Berger Paints India Ltd informed that a meeting of the Board of Directors of the company, will be held on Wednesday, August 09, 2023, to inter-alia, consider and approve the unaudited financial results (Standalone and Consolidated) of the company for the quarter ended on June 30, 2023.
Additionally, the Board of Directors at its meeting scheduled to be held on August 09, 2023 may consider the proposal for the issue of "bonus shares" by the capitalisation of reserves, subject to the approval of the company's shareholders.
On Wednesday, shares of Berger Paints India surged 1.29 per cent to Rs 711.75 per share with an intraday high of Rs 716.75 and an intraday low of Rs 696.55. The stock also made a new 52-week high of Rs 716.75 per share with a spurt in volume by more than 3.74 times on BSE.
Berger Paints India is engaged in the manufacturing and selling of paints. The company is the 2nd largest paint company in India, the 4th largest paint company in Asia, and the 7th largest decorative paint company worldwide.
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Berger Paints India is a Large-Cap company having a market cap of over Rs 70,000 crore. According to the quarterly and annual financial results, the company reported positive numbers. The company has been maintaining a healthy dividend payout of 36.70 per cent.
The shares of the company have a ROE of 20.40 per cent and a ROCE of 23.80 per cent. The stock gave multibagger returns of 129 per cent in 5 years and over 880 per cent in 1 decade. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.