Berger Paints Poised for Upmove: Analysts See Target of ₹630 in 4–6 Weeks
MUMBAI, May 19: Berger Paints India Ltd closed at ₹576.10 on Friday, and technical indicators suggest a potential rally towards ₹630 in the coming 4–6 weeks. This places the stock on the radar for short-to-medium term investors looking for momentum-driven trades.
Berger Paints, India’s second-largest paint company, is renowned for its innovative product lineup and consistent growth trajectory. The company operates with a trailing 12-month revenue of ₹11,544.71 crore. While its annual revenue growth stands at a modest 3%, it enjoys a healthy pre-tax margin of 13% and an exceptional return on equity (ROE) of 19%. With a debt-to-equity ratio of just 7%, Berger Paints reflects a sound financial footing.
Technically, the stock is trading comfortably above its key moving averages, up around 9% from both the 50-day and 200-day moving averages. It is currently forming a base on the weekly chart and is only about 3% away from a critical pivot level — signaling a potential breakout.
From the O’Neil methodology standpoint, the stock’s EPS Rank is 57 (indicating inconsistent earnings), while its Relative Strength (RS) Rating stands at 79 — fair, with strong recent price performance. A high Buyer Demand rating of A+ reflects increasing investor interest. However, a Group Rank of 69 and a Master Score of C suggest the broader industry is underperforming and the stock’s overall strength is average compared to market leaders.
Despite the mixed fundamental picture, technical momentum, institutional demand, and market sentiment are currently favoring Berger Paints in the short term.
Disclaimer: This stock analysis report is algorithmically generated for informational purposes only and should not be considered as a buy or sell recommendation.