Berger Paints share price: Berger Paints share price up 0.34 per cent

Shares of (India) Ltd. traded 0.34 per cent up at Rs 822.35 at around 12:36PM (IST) on Wednesday. The stock had closed at Rs 819.6 in the previous session. Equity benchmark Sensex traded 405.86 points higher at 51043.39 around the same time.

The scrip has climbed 79.65 per cent in the last one year till date, while the 30-share index has gained 59.46 per cent during the same period.

The stock’s 52-week high price stood at Rs 830.0 and the 52-week low price at Rs 441.25.

Trading volume on the counter stood at 41,168 shares, while it quoted a price-to-earnings ratio of 129.88, an EPS value of 6.33 and a price-to-book value of 18.16. In the Nifty50 pack, 36 stocks traded in the green, while 14 stocks were in the red.

Promoter/FII Holding
Promoters held 74.98 per cent stake in the company as of 31-Mar-2021, while foreign institutional investors and mutual funds’ ownership stood at 11.24 per cent and 0.82 per cent, respectively.

Key Financials
For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 2133.79 crore, up 20.84 per cent from the previous quarter’s Rs 1765.73 crore and up 24.77 per cent from the year-ago quarter’s Rs 1710.13 crore. The company reported net profit of Rs 274.8 crore for the latest quarter.

Technical Indicators

The MACD signalled a bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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