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    Berger Paints shares decline 1.74% as Sensex slides

    Synopsis

    A total of 254,831 shares changed hands on the counter till 01:42PM (IST)

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    Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
    Shares of the (India) Ltd. traded at Rs 808.85 on BSE at 01:42PM (IST) on Wednesday, down 1.74 per cent from previous close.

    The scrip quoted a 52-week low price of Rs 588.7 and a high of Rs 872.0.

    Earlier, the stock saw a gap down opening in the morning.

    A total of 254,831 lakh shares changed hands on the counter till 01:42PM (IST).

    The stock of Berger Paints (India) Ltd. commands a market value of Rs 78480.64 crore.

    The stock traded at a price-to-earning (P/E) multiple of 92.89, while the price-to-book value ratio stood at 21.99. Return on equity (ROE) was at 21.31 per cent, according to exchange data.

    In the BSE500 pack, 87 stocks traded in the green, while 413 stocks were in the red.

    Promotor Holding
    Promoters held 74.99 per cent in the Berger Paints (India) Ltd. as of 30-Sep-2021 while foreign and domestic institutional investors owned 11.22 per cent and 3.9 per cent, respectively.
    (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.)

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