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    HomeNewsBusinessEarningsBerger Paints: Competition could test growth potential

    Berger Paints: Competition could test growth potential

    The company expects the revenue mix to improve hereon following the softening in raw material prices and product launches

    Sachin Pal
    Neha Gupta
    March 09, 2023 / 15:08 IST
    Berger Paints | CMP: Rs 558.85 | The stock jumped over 3 percent despite the company posting a decline in its consolidated net profit for the December quarter. The paint manufacturer's consolidated net profit for the Oct-Dec period declined 20.5 percent on year to 200.9 crore dragged by higher expenses and a weak operational performance. Morgan Stanley has assigned an Underweight rating to the stock and slashed its target price by nearly 12 percent to Rs 507.
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    This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More