Berger Paints Stock Price: Berger Paints stock price up 1.04 per cent as Sensex climbs

Shares of (India) Ltd. rose 1.04 per cent to Rs 755.25 at 11:12AM hours (IST) on Wednesday. Earlier in the day, the stock saw a start to the session.

As per data available on BSE, total traded quantity on the counter stood at 9,641 shares with a turnover of Rs 0.73 crore till 11:12AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 119.22, while the price-to-book value ratio stood at 18.16.

Return on equity (ROE) was at 24.72 per cent, according to exchange data. The stock hit an intraday high of Rs 758.35 and a low of Rs 747.5 during the session and quoted a 52-week high price of Rs 824.8 and a 52-week low of Rs 431.55.

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 643.36 on April 07, while the 50-DMA was at Rs 736.72. 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 56.19. 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-Dec-2020, promoters held 74.98 per cent stake in the company, while FIIs held 11.53 per cent and domestic institutional investors had 3.69 per cent.

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