BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Macquarie downgrades Berger Paints India to neutral
Volume growth getting pushed to FY18-19. Operating margin has picked in the first half of FY2017. No change in medium term outlook. The brokerage has cut its earnings estimates for FY2017-19 for Berger Paint by 14-16 per cent.