Short term trading ideas: buy BERGEPAINT at 328 SL:300 target trailing basis

Buy BERGEPAINT at 328 SL:300 target trailing basis
Berger Paints (BPIL), India’s second largest paints manufacturer, will benefit from better mix, growth in decorative paints segment, Gov Target valuation of 48x FY20E EPS

BPIL enjoys 18% market share in the India, marginally ahead of Kansai Nerolac Paints Ltd with 17% market share. BPIL derives 80% revenues from decorative paints, 12% from international paints and 7% from exports. Internationally, BPIL has  presence in the decorative paints segment in Nepal and in the external insulation system in Poland (where it has 11-12% market share) through Bolix SA. It has the second largest distribution network in India with 17,000 dealer

berger

 

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