Berger Paints has target of Rs 114: Prakash Diwan

Berger Paints has target of Rs 114, says Prakash Diwan of Asit C Mehta Investment Intermediates.

Diwan told CNBC-TV18, "Go long on Berger Paints, not only has the paint industry seen a lot of re-rating of sorts but thanks to the kind of demand that the industry has and the constrain on supply that we have seen some of these companies, which are strongly positioned, have immensely benefited out of this situation and that has been reflected in the earnings growth for most of the companies." He further added, "Berger Paints most efficiently run business in that particular small segment I would like to give a long call on Berger Paints with a target price of Rs 114 and a stoploss of Rs 102." Click HERE to know the rules and follow the score card