Analyst Corner – Berger Paints: Maintain ‘hold’ with DCF-based TP of Rs 800
Higher focus on ancillary products: It has been focusing on ancillary products such as waterproofing and putty. It believes there is immense potential for these segments to grow considering low penetration. We model waterproofing to contribute significantly to Berger decorative business in medium term.
Check the source here –Source, Financial Express.