Berger Paints India, one of the leading paint manufacturing companies, surged on Wednesday after it announced that its board may propose sub-division of the company's equity shares having face value of Rs 2 each into equity shares having face value of Rs 1 each.

Shares of the company are trading at Rs 400.50, up Rs 15.3, or 3.97% at the Bombay Stock Exchange (BSE) on Wednesday at 2:09 p.m.

The scrip has touched an intra-day high of Rs 409.95 and low of Rs 385.50. The total volume of shares traded at the BSE is 127,882.