Berger Paints India hits over 11-mth high on bonus share issue plan

Berger Paints India

01/08/2023 07:33

** Shares of Berger Paints India  BRGR.NS  rise as much as
3.14% to 703.80 rupees, highest since Aug. 19, 2022
    ** Paint maker says it will consider proposal for issue of
bonus shares in its board meeting on Aug. 9
    ** Co will report results for June quarter on Aug. 9
    ** Stock most active in over a month with trading volume of
1.17 mln shares at 11:50 a.m. IST, 2.1 times the 30-day avg -
Refinitiv data
    ** Of the 22 analysts tracking BRGR, four have "buy", seven
rate stock "hold", eight suggest "sell", three recommend "strong
sell"; median TP is 610 rupees
    ** Stock up 19.8% in 2023 so far vs 7.25% rise in Nifty Next
50 index  .NN50 


 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))