Berger Paints shares rise 2.02 per cent in Friday's trading session

Berger Paints shares rise 2.02 per cent in Friday's trading session
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Synopsis

The Relative Strength Index of the stock stood at 50.97 on Friday.

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India is hardly immune to the global trend of sliding fees and trading commissions.

INSIGHTS

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Shares of (India) Ltd. rose 2.02 per cent to Rs 741.3 in Friday's trade as of 10:10AM (IST) even as the benchmark Nifty ruled at 14655.20, up 73.75 points.

The scrip had closed at Rs 726.6 in the previous session. The stock quoted a 52-week low of Rs 431.55 and a high of Rs 824.8. The company quoted a market-cap of Rs 72468.32 crore on the BSE.

On BSE, 13,379 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 117.86 times its trailing 12-month EPS of Rs 6.33 per share and 18.16 times its book value. The return on equity (ROE) stood at Rs 24.72.

Key Financials
For the quarter ended 31-Dec-2020, Berger Paints (India) Ltd. reported consolidated sales of Rs 2133.79 crore, up 24.77 per cent from the same quarter a year ago. The company reported 50.7 per cent YoY growth in net profit at Rs 274.8 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Friday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.

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