Share price of Berger Paints rises as Nifty strengthens

Shares of (India) Ltd. gained 0.49 per cent to Rs 772.5 in Tuesday's trade as of 01:06PM (IST).

The stock hit a high price of Rs 777.45 and low of Rs 765.0 during the session.

The return on equity (ROE) for the stock stood at 24.72 per cent. Traded volume on the counter stood at 01:06PM shares and turnover at Rs 3.53 crore around that time.

The stock of Berger Paints (India) Ltd. quoted a 52-week high and 52-week low prices of Rs 824.8 and Rs 431.55, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.89.

Promotor/FII Holding
Promoters held 74.98 per cent stake in the company as of 31-Mar-2021, while FIIs held 11.24 per cent and domestic institutional investors had 4.01 per cent.

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.

Net profit after tax for the latest quarter stood at Rs 274.8 crore, up 50.7 per cent from the same quarter a year ago.