Berger Paints share price down 0.08 per cent

Concor shares  down  1.21% as Nifty  drops

Shares of Berger Paints (India) Ltd. traded 0.08 per cent up at Rs 660.05 at around 12:18PM (IST) on Tuesday. The stock had closed at Rs 660.55 in the previous session. Equity benchmark Sensex traded 88.31 points higher at 59334.29 around the same time.

The scrip has declined 20.91 per cent in the last one year till date, while the 30-share index has gained 4.3 per cent during the same period.

The stock’s 52-week high price stood at Rs 856.9 and the 52-week low price at Rs 543.85.

Trading volume on the counter stood at 23,362 shares, while it quoted a price-to-earnings ratio of 67.78, an EPS value of 9.74 and a price-to-book value of 17.31. In the Nifty50 pack, 26 stocks traded in the green, while 23 stocks were in the red.

Promoter/FII Holding
Promoters held 74.99 per cent stake in the company as of 30-Jun-2022, while foreign institutional investors and MF ownership stood at 11.03 per cent and 1.01 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2022, the company reported consolidated sales of Rs 2772.74 crore, up 25.65 per cent from the previous quarter’s Rs 2206.63 crore and up 52.72 per cent from the year-ago quarter’s Rs 1815.52 crore. The company reported net profit of Rs 253.43 crore for the latest quarter.

Technical Indicators

The MACD signalled a bearish 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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