/ Berger Paints Up By 4%, May Set Up A JV With Rock Paint ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 5 May 2017

Berger Paints’ stock price surged on May 5, 2017, as the stock opened at Rs 255, and was trading at Rs 265 at 09:45 hrs IST, up by 4 per cent on the BSE.   

Berger Paints, one of the leading Indian paint company and manufacturer, recently signed an agreement with Rock Paint, headquartered in Japan, to market automotive refinish paints and further advance to set up a joint venture between the two firms eventually.

The company is seeking more such foreign paint manufacturing entities to get into similar agreements to expand its product range.

On the success of the current undertaking between the two companies, the joint venture is expected to materialise in the next 6-8 months. 

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