Valuations seem to factor in near term positives and offers limited upside from current levels
Dinesh Rohira of 5nance.com expects the Nifty to continue to trade rangebound between 10,910 on the upside and 10,680 levels on the downside.
Berger Paints India's Q2 earnings have come in largely in-line with street estimates. In an interview to CNBC-TV18, Abhijit Roy, MD & CEO of the company spoke about the results and his outlook going ahead.
Revenue for the quarter under review was Rs 1,281.71 crore as against Rs 1,151.60 crore in the same period last year, the company said in a statement.
Revenue from operation during the quarter was higher by eight percent to Rs 1262.49 crore against Rs 1160.39 crore in the same period of 2016-17.
The company's subsidiary Bolix, S.A. Poland and NBCC sign memorandum of business exploration to bring External Thermal Insulation and Composite Systems (ETICS) solutions to India.
This plant has a capacity of 6600 K/MT per annum of solvent and water based paints and 7200 MT per annum of putty and distemper.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NBFC stocks including Capital First on correction as the stocks can give 25 to 40 percent return if Nifty breaks 9000.
Axis Direct is bearish on Berger Paints has recommended sell rating on the stock with a target price of Rs 195 in its research report dated February 22, 2017.
According to Asian Paints CEO KBS Anand, Goods won't create a disruption which will last for more than a quarter. He added that GST will enable the organised sector to perform better depending upon tax rates on paints.
SBI | Bank of Baroda | Coal India | Punjab National Bank | Idea Cellular | Hindalco Industries | Ballapur Industries | Suzlon Energy | InterGlobe Aviation | Max Ventures | Reliance Capital | Tata Communications | Siemens and Sun TV Network are stocks, which are in the news today.
The company had reported a net profit of Rs 111.37 crore in October-December quarter a year ago, Berger Paints said in a BSE filing.
SBI | Bank of Baroda | Aurobindo Pharma | Lupin | Tata Steel | Pricol | Power Grid | Bata | Cairn India | SAIL | JK Tyre | Torrent Power | Triveni Engineering | ICRA and BPCL are stocks, which are in the news today.
Rakesh Bansal of RK Global is of the view that one may buy Havells India with a target of Rs 455.
Indian markets celebrated Finance Minister Arun Jaitley‘s Budget with both Sensex and Nifty closing with a gain of around 1.8 percent as they celebrated no introduction of long term capital gain (LTCG) on equity stocks and keeping the service tax unchanged. Below is an analysis of how the Budget impact various sectors.
Mitessh Thakkar of miteshthacker.com is of the view that one may buy Bank of India, Federal Bank, IDBI Bank, Berger Paints and Akzo Nobel India.
Jay Thakkar of Sharekhan is of the view that one may buy Anant Raj with a target of Rs 45.40.