While the management noted that it likely gained market share in Q3, the competitive landscape warrants caution as Grasim s Birla Opus enters the paints sector.
"Berger Paints fixed Saturday, September 23, 2023, as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for issue of bonus equity shares of the company in the ratio of 1:5, i.e., 1 equity share of Re 1 each for every 5 equity shares of Re 1 each," the company said in an exchange filing.
Tata Power, IRCTC, ZEEL Q1 Results, RBI MPC meeting Day 2 in Top News on August 9: ICICI Bank, Motherson Sumi Wiring ex dividend stocks, Nifty outlook, Poco M6 Pro 5G first sale on Flipkart, 2023 Mercedes-Benz GLC launch.
Berger Paints said its net profit for quarter climbed 39.9 per cent YoY to Rs 354.91 crore compared with Rs 253.71 crore in the corresponding quarter last year.
Stocks to watch this week: A host of stocks would be in focus this week on account of corporate actions and quarterly earnings. SBI, Berger Paints, ZEEL, ITC, BHEL, Karur Vysya Bank, M&M & Lloyds Metals are among stocks to watch this week (August 7-11).