Berger Paints stock price down 0.05 per cent as Sensex slides

As per data available on BSE, total traded quantity on the counter stood at 6,898 shares with a turnover of Rs 0.5 crore till 10:46AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 86.12, 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. The stock hit an intraday high of Rs 731.0 and a low of Rs 714.0 during the session and quoted a 52-week high price of Rs 872.0 and a 52-week low of Rs 675.0.

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 788.01 on February 18, while the 50-DMA was at Rs 748.16. 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 46.18. 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-2021, promoters held 74.99 per cent stake in the company, while FIIs held 11.3 per cent and domestic institutional investors had 3.57 per cent.