Book some profits in Berger Paints: Gaurang Shah

Gaurang Shah of Geojit Financial Services told CNBC-TV18, "We do have a coverage on Berger Paints and we are equally positive about the stock. Paint industry is likely to do well. Crude oil prices more or less stable and heading south, added advantage in terms of profitability improvement. One may book part profit, shift on to some other sectors and stocks."

"On Berger Paints our target is Rs 285-300. However, again, with lower crude oil prices, there is a possibility of input cost coming down and incremental increase in profit margin. So, we will have to wait and watch on that," he added.