Share price of Berger Paints jumps as Sensex drops 309.65 points

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Share price of Berger Paints (India) Ltd. gained 1.2 per cent to Rs 665.5 at 10:51AM (IST) in Wednesday’s trade. The stock hit a high of Rs 667.25 and low of Rs 656.0 so far during the session. The stock had closed at Rs 657.6 in the previous session.

The counter had a total traded volume of 10:51AM shares so far with a turnover of Rs 0.5 crore on BSE. The stock traded at a price-to-earnings multiple of 68.36 and a price-to-book ratio of 17.31.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
(India) Ltd. belongs to the Paints/Varnishes industry.

Promotor/FII Holding

Promoters held 74.99 per cent stake in the company as of 30-Jun-2022, while foreign investors and domestic institutional investors ownership stood at 11.03 per cent and 3.58 per cent, respectively.

Key Financials

The company reported consolidated net sales of Rs 2772.74 crore for the quarter ended 30-Jun-2022, 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.

Its profit for the latest quarter stood at Rs 253.43 crore, up 80.26 per cent from the same quarter a year ago.

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