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    Share price of Berger Paints falls as Sensex gains 185.05 points

    Synopsis

    Promoters held 60.51 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 11.22 per cent and 1.15 per cent, respectively.

    Reuters
    Nifty continues to climb a wall of worry as it looks to be in the final leg of its rally before heading for a correction.
    The share price of (India) Ltd. dropped 1.84 per cent to Rs 723.7 at 11:27AM (IST) in Monday's trade. The stock has hit a high of Rs 742.0 and low of Rs 717.45 so far during the session. The stock had closed at Rs 737.25 in the previous session.

    The counter has had a total traded volume of 56961 shares so far with a value of Rs 4.13 crore on the NSE. It traded at a price-to-earnings multiple of 84.75 and a price-to-book ratio of 21.99.

    A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

    The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

    The scrip gained 18.9 per cent during the past one year, while the 30-share index advanced 50.22 per cent during the same period.

    Berger Paints (India) Ltd. belongs to the Paints/Varnishes industry.

    Promotor/FII Holding
    Promoters held 60.51 per cent stake in the company as of 30-Sep-2021, while FIIs and domestic institutional investors ownership stood at 11.22 per cent and 1.15 per cent, respectively.

    Key Financials
    The firm reported consolidated sales of Rs 1815.52 crore for the quarter ended 30-Jun-2021, down 11.05 per cent from the previous quarter's Rs 2041.09 crore and down 93.43 per cent from the year-ago quarter's Rs 938.59 crore.

    Profit for the latest quarter stood at Rs 140.59 crore, up 811.74 per cent from the same quarter a year ago.
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