The company’s decorative paints business registered low double-digit volume growth, similar to competitor Asian Paints Ltd. Berger Paints India’s shares are hovering close to the 52-week high at Rs300 per share. As such, analysts see limited upside in the Berger Paints India stock from current levels. Even though Berger Paints India stock has outpaced Asian Paints, the two companies are neck and neck on the valuations front. The Berger Paints India stock is trading at a one-year forward price-to-earning multiple of around 50 times, similar to that of Asian Paints’.

Source: Mint May 31, 2018 05:03 UTC