Berger Paints share price: Berger Paints share drops 1.64% as Sensex drops

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The shares of (India) Ltd. fell 1.64% to Rs 815.0 in Monday’s 1:36 p.m. (IST) session, even as the benchmark Sensex shares traded 57.56 points lower at 54,220.16.

Earlier today, the title had a session start. The stock listed a 52-week high of Rs 872.0 and a 52-week low of Rs 527.75 on NSE. About 60,439 stocks changed hands on the clock until 1:36 p.m. (IST).

The action opened at Rs 828.55 and hit an intraday high and low of Rs 831.8 and Rs 812.0 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 32.41, earnings per share (EPS) of Rs 25.19 and a price-to-book (PB) ratio of 18.16, while the performance of equity (ROE) amounted to Rs 21.31.


Promoter / FII Holding
The promoters held 74.98% of the company’s share capital as of August 9, while the holdings of FII and MF were 11.25% and 0.87% respectively.

Key financial data

With a market capitalization of Rs 79,315.95 crore, the company operates in the paints / varnishes business. For the quarter ended June 30, 2021, the company reported consolidated sales of Rs 1,815.52 crore, down 11.05% from the previous quarter at Rs 2,041.09 crore and down 93.43% compared to the same quarter a year ago. The company reported net profit of Rs 1,742.77 crore for the most recent quarter, up 11,202.01 percent from the corresponding quarter last year.

Technical indicators
The Relative Strength Index (RSI) for the stock stands at 38.43. The RSI hovers between zero and 100. Traditionally, it is considered an overbought condition when the value of the RSI is above 70 and an oversold condition when it is below 30. Analysts say the RSI indicator should only not be viewed in isolation, as it may not be sufficient to take a trade call, in the same way that a fundamental analyst cannot give a ‘buy’ or ‘sell’ recommendation using a single valuation ratio .


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