Bonus Issue, Sept 12: Large Cap Paint Stock Declares Record Date For 1:5 Bonus Shares

Large cap stock operating in Building Materials sector, Berger Paints (India) Ltd on Tuesday fixed September 23, 2023 as the record date for bonus issue in the ratio of 1:5. Berger Paints India stock hit new 52-week high today. Berger Paints shares soared 25% in last 6-months and declined 13% in last 2-years. Check details below:

Berger Paints India Fixes Record Date For 1:5 Bonus Issue: According to the BSE filing of the company dated September 12, 2023, "This is to inform you that pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Company has fixed Saturday, 23rd September, 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 (One) Equity Share of Re 1/- each for every 5 (Five) Equity Shares of Re. 1/- each, which was recommended by the Board of Directors of the Company vide its meeting held on Wednesday, 9th August, 2023 and for which approval of the shareholders have already been obtained through postal ballot on Friday, 8 th September, 2023."

Berger Paints Stock Performance & Return: Last trading price of Berger Paints share is Rs 722.00 per share with intraday gain of 0.06%. Its 52-week high price is Rs 728.65 per share and 52-week low price is Rs 527.60 per share, respectively. It has market capitalisation of Rs 70,136.70 crore. Berger Paints shares soared 11% in last 3-years, gained 26% in last 3-years, and rallied 139% in last 5-years.

Berger Paints Financials: The company announced a 40% YoY surge in its consolidated net profit for the quarter ended June 2023 at Rs 355 crore as compared to Rs 254 crore declared in the same quarter last fiscal. Its revenue from operations soared 9.2% YoY to Rs 3029 crore as against Rs 2,773 crore declared in the year- ago period. Standalone Q1 profit growth declared at 39% amid advantageous raw material costs and operational efficiencies.

Berger Paints About: Berger Paints India is headquartered at Kolkata, with 16 strategically located manufacturing units across India (including the subsidiaries), 2 in Nepal, 1 each in Poland and Russia and about 162 stock points. The company also has an international presence in 4 countries (Nepal, Bangladesh, Poland and Russia). With employee strength of above 3450 as on 31st March, 2019 excluding the subsidiaries and a countrywide distribution network of 25,000+ dealers, Berger is acclaimed as a game changer in the sector with a vibrant portfolio of paints and tailor-made customer services in every paint segment, according to its official website.

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