With a humble beginning in India in 1923, Berger Paints India Limited is the second largest paint company in the country today. It’s an annual sales turnover is in excess of Rs.2,400 crores. Berger paints has a range of products starting from exterior, interior, Metal, wood, protective and Industrial use products. It has seven manufacturing facilities. It employs around 2500 people and has more than 15,000 dealers.
Berger Paints has acquired Sherwin Williams Paints India architectural paint business. Sherwin Williams is a US-based company doing business in India. The price has not been disclosed so far. Berger Paints shares were seen trading high today (Tuesday) in the market. Naturally the market has welcomed the news.
For long term investors Berger Paints seems to be an ideal stock. It has been consistently on the rise. Investors can buy these stocks on dips to accumulate. Today, the investors who had bought these stocks last year, 2012 February have seen their investment doubled. Even at this point of time investments can be made. The price and volume varies on a day to day basis. But, this is not a stock for day trading. One has to buy them and stay invested for a long period of time. Berger Paints will certainly reward the investors, as it has done in the past.