Stay invested in Berger Paints, says Rajan Malik

Rajan Malik, Head Equities- Private Client Group, MF Global advice investors to stay invested in Berger Paints.

Malik told CNBC-TV18, “We continue to like Berger Paints and we continue to stay invested in that stock. Other than that, we do not- I agree that okay, maybe Ceat and MRF has posted good results so Apollo Tyres could come out with good results today on the back of weak rubber prices but that is not a sector where we would like to watch because these tend to get very cyclical and if you don’t get out on time, there could be lot of pain and it is difficult to convince clients to get out of stocks.”
The company's trailing 12-month (TTM) EPS was at Rs 4.29 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 29.27. The latest book value of the company is Rs 20.83 per share. At current value, the price-to-book value of the company was 6.03. The dividend yield of the company was 1.04%.