Get Paint For Dividend: 350% Cash Reward, To Be Paid By 22nd August; Buy Berger Paints?

In the consumer durables industry, Berger Paints India is a large-cap company. As of Monday's closing session, its market valuation was Rs 59,572.18 Cr. The BSE 200 index bluechip company has announced the record date for the upcoming 350% dividend. The shares wrapped up at Rs 511 each on Monday.

Berger Paints India Dividend

"The Board at its Meeting held on 15th May, 2024 had recommended a Dividend of Rs. 3.50 (i.e., 350%) per equity share of Re 1/- each fully paid-up of the Company for the financial year ended on 31st March, 2024 subject to approval of the Members at the 100th AGM to be paid to those Members holding shares in physical form and whose names appear in the Register of Members as on 12th August, 2024 and, holding shares in electronic form, to those whose names appear in the list of beneficial holders furnished by the respective Depositories as at the end of business hours on 5th August, 2024. Dividend on Equity Shares, if declared, at the 100th AGM will be paid on Thursday, 22nd August, 2024 to those Members who are entitled thereto," said the company in a regulatory filing.

Berger Paints India Q1FY25 Result Date

"We would like to inform you that a Meeting of the Board of Directors of Berger Paints India Limited, will be held on Friday, 9th August, 2024, to inter-alia, consider and approve the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended on 30th June, 2024," Berger Paints India informed stock exchanges on 6th July.

Berger Paints India Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "The current trading price of BERGEPAINT is Rs 509. The stock has recently formed triple bottom on weekly chart with a significant increase in trading volume, indicating a potential reversal. If the price manages to close above the Rs 527 level, it may have the potential to reach short-term targets of Rs 600 & Rs 640. On the other hand, immediate support levels are located at Rs 480. These levels can be considered as opportunities to buy on dips."

"The Relative Strength Index (RSI) currently stands at 45 and is trending upward, indicating increasing buying momentum. To prudently manage risk, it is advisable to set a stop-loss (SL) at Rs 460. This precaution will help protect your investment in case of an unexpected market reversal. In summary, considering the technical analysis and the current market conditions, BERGEPAINT appears to present an appealing buying opportunity for those aiming for a Rs 600 & Rs 640 price target, provided that appropriate risk management measures are in place," the analyst recommended further.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.