Q3 Results: Berger Paints share price rises 3%, profit rises to Rs 275 crore

Berger Paints India’s share price was up over 3 percent on opening bell. The paint maker reported a 51.2 percent jump in consolidated net profit to Rs 275 crore for the quarter ended December’20. It had posted a net profit of Rs 181.9 crore in the October-December quarter.

Revenue from operations of the company stood at Rs 2,118.2 crore, up by 25 percent.

On Wednesday, the stock was trading at Rs 777.95, up Rs 16.65. It has touched an intraday high of Rs 792.10 and an intraday low of Rs 771.70.

According to Moneycontrol SWOT Analysis, the stock is showing strong momentum: price above short, medium and long term moving averages.

 

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