Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities advises to hold Berger Paints.
Thununguntla told CNBC-TV18, “The investor can hold on to Berger Paints, paints overall is a segment where there is lot of traction in the market. Moreover, in this kind of market when the high beta is getting punished very severely probably some money I would like to shift to the play like Berger Paint. I feel one can hold of course he may not make any big multibaggers but his capital he can easily recover.”
On April 12, Berger Paints India closed at Rs 192.90, down Rs 1.95, or 1 percent. It has touched an intraday high of Rs 194.90 and an intraday low of Rs 188.35.