Berger Paints India will hold a meeting of the Board of Directors of the Company on 9 February 2021.

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Cummins India Ltd, City Union Bank Ltd, Havells India Ltd, JK Tyre & Industries Ltd are among the other stocks to see a surge in volumes on BSE today, 21 January 2021.

Berger Paints India Ltd registered volume of 2.9 lakh shares by 10:48 IST on BSE, a 6.88 fold spurt over two-week average daily volume of 42171 shares. The stock rose 1.86% to Rs.808.50. Volumes stood at 27607 shares in the last session.

Cummins India Ltd witnessed volume of 3.34 lakh shares by 10:48 IST on BSE, a 6.23 times surge over two-week average daily volume of 53579 shares. The stock increased 0.86% to Rs.623.75. Volumes stood at 70106 shares in the last session.

City Union Bank Ltd recorded volume of 6.1 lakh shares by 10:48 IST on BSE, a 5.95 times surge over two-week average daily volume of 1.02 lakh shares. The stock gained 1.00% to Rs.176.50. Volumes stood at 72997 shares in the last session.

Havells India Ltd registered volume of 2.86 lakh shares by 10:48 IST on BSE, a 3.57 fold spurt over two-week average daily volume of 80230 shares. The stock rose 9.34% to Rs.1,115.10. Volumes stood at 1.24 lakh shares in the last session.

JK Tyre & Industries Ltd saw volume of 21.61 lakh shares by 10:48 IST on BSE, a 3.3 fold spurt over two-week average daily volume of 6.54 lakh shares. The stock increased 11.29% to Rs.118.25. Volumes stood at 18.94 lakh shares in the last session.

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The counter has gained 4.74% in two trading days from its previous closing low of Rs 694.9 on 21 December 2020. The stock hit a record high of Rs 729.40 in intraday today. The stock has jumped nearly 87% from the 52-week low of Rs 390 reported on 19 March 2020.

In last three months, the paint maker has jumped 28% outperforming the BSE Sensex which rose 22.8% in the same period.

On the technical front, the stock's RSI (relative strength index) stood at 75.765. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

The stock is trading above its 50 and 100 days simple moving average placed at 648.87 and 608.44 respectively. These levels will act as crucial support zones in near term.

Berger Paints India is engaged in retail, decorative and industrial painting solutions. Its consolidated net profit jumped 13.6% to Rs 221.05 crore on a 9% rise in net sales to Rs 1,742.55 crore in Q2 September 2020 over Q2 September 2019.

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Net profit of Berger Paints India rose 13.31% to Rs 220.94 crore in the quarter ended September 2020 as against Rs 194.98 crore during the previous quarter ended September 2019. Sales rose 9.01% to Rs 1742.55 crore in the quarter ended September 2020 as against Rs 1598.58 crore during the previous quarter ended September 2019.

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