Berger Paints stock price down 0.02 per cent as Sensex climbs

Berger Paints stock price down 0.02 per cent as Sensex climbs
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Synopsis

As of 31-Dec-2020, promoters held 60.5 per cent stake in the company, while FIIs held 11.52 per cent and domestic institutional investors had 0.91 per cent.

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Shares of (India) Ltd. fell 0.02 per cent to Rs 752.8 at 01:17PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 132,828 shares with a turnover of Rs 10.02 crore till 01:17PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 119.13, while the price-to-book value ratio stood at 18.16.

Return on equity (ROE) was at 24.72 per cent, according to exchange data. The stock hit an intraday high of Rs 757.75 and a low of Rs 750.0 during the session and quoted a 52-week high price of Rs 824.8 and a 52-week low of Rs 431.55.

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 644.54 on April 08, while the 50-DMA was at Rs 736.26. 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 55.32. 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-2020, promoters held 74.98 per cent stake in the company, while foreign institutional investors held 11.53 per cent and domestic institutional investors had 3.69 per cent.

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