Share price of Berger Paints rises as Nifty strengthens

The return on equity (ROE) for the stock stood at 21.31 per cent. Traded volume on the counter stood at 01:48PM shares and turnover at Rs 0.53 crore around that time. The stock of Berger Paints (India) Ltd. quoted a 52-week high price of Rs 872.0 and 52-week low prices of Rs 620.55, respectively.

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

Promotor/FII Holding

Promoters held 60.51 per cent stake in the company as of 31-Mar-2022, while FIIs held 11.28 per cent and domestic institutional investors had 0.86 per cent.

Key Financials

The company reported consolidated sales of Rs 2566.22 crore for the quarter ended 31-Dec-2021, up 14.67 per cent from previous quarter’s Rs 2238.0 crore and up 20.27 per cent from the year-ago quarter’s Rs 2133.79 crore. Net profit after tax for the latest quarter stood at Rs 252.72 crore, down 8.03 per cent from the same quarter a year ago.

Technicals
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 topof 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.