Berger Paints (India) Ltd. shares rise 1.55% as Nifty gains

Berger Paints Ltd is an Indian multinational paint company, based in Kolkata, India. It has 10 manufacturing units and over 110 stock points. The company additionally has an international presence in 4 countries – Russia, Poland, Nepal, and Bangladesh.

On the other side, with an employee strength of over 2,800 and a countrywide distribution network of 25,000 dealers. Shares of Berger Paints (India) Ltd. traded 1.55 percent up at Rs. 755.85 on Wednesday.

While the benchmark BSE Sensex declined 315.06 points to 49736.38. As many as 47,453 shares changed hands on the counter with a total value of Rs. 3.6 crore. But, the stock quoted a 52-week high price of Rs. 824.8 and a 52-week low of Rs. 395.55.

Moreover, On the technical charts, the 200-DMA of the stock stood at Rs. 633.28, while 50-DMA was at Rs. 743.05. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both. While it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 78.58 percent in the past year, while Sensex has risen 72.28 percent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 119.95 and a price-to-book ratio of 18.16. A higher P/E ratio shows investors a willing to pay a higher price because of future growth expectations. Moreover, price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. While the stock belongs to the Paints/Varnishes industry.