Berger Paints declines 1.77% as Sensex slides

The scrip quoted a 52-week low price of Rs 620.55 and a high of Rs 872.0.

Earlier, shares of the company saw a gap down opening in the morning.

A total of 50,087 lakh shares changed hands on the counter till 02:10PM (IST).

The stock of Berger Paints (India) Ltd. commanded a market value of Rs 66618.22 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 81.17, while the price-to-book value ratio stood at 21.99. Return on equity (ROE) was at 21.31 per cent, according to exchange data.

In the BSE500 pack, 248 stocks traded in the green, while 252 stocks were in the red.

The stock’s beta value, which measures volatility in relation to the broader market, stood at 0.89.

Promotor/FII Holding

Promoters held 60.51 per cent in Berger Paints (India) Ltd. as of 31-Dec-2021 while foreign portfolio investors and domestic institutional investors owned 11.3 per cent and 1.15 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 778.68 on March 23, while the 50-DMA was at 716.79. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.