Berger Paints shares up 0.04% as Nifty gains

Berger Paints shares up 0.04% as Nifty gains
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Synopsis

A total of 7,410 shares changed hands on the counter till 01:11PM (IST).

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NEW DELHI: Shares of (India) Ltd. traded 0.04 per cent up in Tuesday's trade at 01:11PM (IST). Around 7,410 shares changed hands on the counter.

The counter opened at Rs 715.7 and touched an intraday high and low of Rs 724.1 and Rs 714.9, 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 69743.84 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, domestic institutional investors 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 P/E multiple of 113.43 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.

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