Berger Paints may go upto Rs 130: Devang Mehta

Berger Paints may go upto Rs 130, says Devang Mehta of Anand Rathi Financial Services.

Mehta told CNBC-Awaaz, "Investors should invest in Berger Paints with a long term perspective. The stock is looking good and trading with low valuation. It may go upto Rs 130 in future."
The company's trailing 12-month (TTM) EPS was at Rs 4.39 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 22.87. The latest book value of the company is Rs 20.84 per share. At current value, the price-to-book value of the company was 4.82. The dividend yield of the company was 1.29%.