The Economic Times
English EditionEnglish Editionहिंदी संस्करण
| E-Paper
Search
+

    Berger Paints shares down 0.63% as Nifty drops

    Synopsis

    A total of 13,734 shares changed hands on the counter till 01:12PM (IST).

    Getty Images
    tate-owned Canara Bank invited bids to sell 30 per cent stake in its housing finance subsidiary.

    INSIGHTS

    Read Stock Insights by ET for a quick analysis

    Explore Now
    NEW DELHI: Shares of (India) Ltd. traded 0.63 per cent down in Thursday's trade at 01:12PM (IST). Around 13,734 shares changed hands on the counter.

    The scrip opened at Rs 724.0 and touched an intraday high and low of Rs 730.9 and Rs 711.55, respectively, in the session so far. The stock of Berger Paints (India) Ltd. quoted a 52-week high of Rs 824.8 and a 52-week low of Rs 431.55.

    Total market cap of the Berger Paints (India) Ltd. stood at Rs 70103.22 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 2133.79 crore for the quarter ended 31-Dec-2020, up 20.84 per cent from previous quarter's Rs 1765.73 crore and up 24.77 per cent from the year-ago quarter's Rs 1710.13 crore.

    The net profit for latest quarter stood at Rs 274.8 crore, up 50.7 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 31-Mar-2021, DIIs held 1.64 per cent stake in the company, while foreign institutional investors held 22.48 per cent and the promoters 149.96 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 114.01 and a price-to-book ratio of 18.16. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    Berger Paints (India) Ltd. belongs to the Paints/Varnishes industry.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Read before you invest. Insights on Berger Paints (India) Ltd.. Explore Now
    The Economic Times

    Stories you might be interested in