Berger Paint has target of Rs 104: Aunali Rupani

Berger Paint has target of Rs 104, says Aunali Rupani, Director of Arm Research.

Rupani told CNBC-TV18, "The major raw material for paint industry is crude; almost 40% and crude prices have fallen by almost 30%. Q2 normally is a very good for paint industry and they have great amount of volume growth in this quarter, this will be led by margin expansion. For Berger Paint my target is Rs 104 and keep a stop loss at Rs 98." Click HERE to know the rules and follow the score card