Berger Paints stock price up 1.04 per cent as Sensex climbs

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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