The return on equity (ROE) for the stock stood at 21.31 per cent. Traded volume on the counter stood at 11:42AM shares and turnover at Rs 0.96 crore around that time. The stock of Berger Paints (India) Ltd. quoted a 52-week high price of Rs 872.0 and 52-week low prices of Rs 626.45, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 0.89.
Promotor/FII Holding
Promoters held 60.51 per cent stake in the company as of 30-Sep-2021, while FIIs held 11.22 per cent and domestic institutional investors had 1.15 per cent.
Key Financials
The company reported consolidated sales of Rs 2238.0 crore for the quarter ended 30-Sep-2021, up 23.27 per cent from previous quarter’s Rs 1815.52 crore and up 26.75 per cent from the year-ago quarter’s Rs 1765.73 crore. Net profit after tax for the latest quarter stood at Rs 218.85 crore, down 0.95 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bullish 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 topof 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.
