Berger Paints stock price up 0.52 per cent as Sensex climbs


Shares of Berger Paints (India) Ltd. rose 0.52 per cent to Rs 721.85 at 12:17PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 4,516 shares with a turnover of Rs 0.33 crore till 12:17PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 85.36, while the price-to-book value ratio stood at 21.99.

Return on equity (ROE) was at 21.31 per cent, according to exchange data. The stock hit an intraday high of Rs 729.15 and a low of Rs 719.05 during the session and quoted a 52-week high price of Rs 872.0 and a 52-week low of Rs 620.55.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 0.89.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 770.18 on April 19, while the 50-DMA was at Rs 703.42. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 56.0. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Mar-2022, promoters held 74.99 per cent stake in the company, while FIIs held 11.28 per cent and domestic institutional investors had 3.4 per cent.

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