May 22, 2012, 04.11 PM | Source: CNBC-TV18
Manas Jaiswal of manasjaiswal.com is of the view that one should buy Berger Paints.
Manas Jaiswal (more)
, manasjaiswal.com |
Jaiswal told CNBC-Awaaz, "One should buy Berger Paints at current price level with a stoploss of Rs 125. The stock may go upto Rs 160 in coming trading sessions."
The company touched its 52-week high Rs 138.45 and 52-week low Rs 78.15 on 15 May, 2012 and 21 Dec, 2011, respectively. Currently, it is trading -4.8% below its 52-week high and 68.65% above its 52-week low.
The company has taken up a capacity expansion prog
Operating profit during the quarter grew sharply b
Aggressive distribution network expansion and incr