Berger Paints gains 8pc on strong Q4 Earnings

Share price of Berger Paints India Ltd rose over percent during Friday session after the paint major posted strong numbers for the quarter ended march 2019,  together  followed by the steep fall in crude oil prices.

As per earning numbers, the company posted a 4.91% jump in its consolidated net profit to Rs111.43crore in fourth quarter ended on March 31, as against Rs106.21crore in the corresponding quarter year ago.  

Crude Oil prices declining to lower levels in three months also lifted Berger stock.

Meanwhile, the Company board recommended payment of a dividend of Rs1.90/ equity share of the face value of Re1 each for 2018-19.

The stock gained an intraday high level Rs328.80 per share on NSE on Friday. During Mid-noon session, the stock was trading over 8.52 percent higher at Rs326.15.

Meanwhile, Sensex, Nifty  pared their morning gains and were trading in the red with the Sensex lower at 39734-level down 97 points and the Nifty cut gains at 11926, down 19 points.

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