Share price of Berger Paints rises as Nifty strengthens

Share price of Berger Paints rises as Nifty strengthens
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Synopsis

A total of 78,935 shares changed hands on the counter till 11:58AM (IST).

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Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
Shares of (India) Ltd. gained 0.36 per cent to Rs 771.2 in Wednesday's trade as of 11:58AM (IST).

The stock hit a high price of Rs 776.6 and low of Rs 766.4 during the session.

The return on equity (ROE) for the stock stood at 21.31 per cent. Traded volume on the counter stood at 11:58AM shares and turnover at Rs 6.07 crore around that time.

The stock of Berger Paints (India) Ltd. quoted a 52-week high and 52-week low prices of Rs 872.0 and Rs 626.45, 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 74.99 per cent stake in the company as of 30-Sep-2021, while FIIs held 11.22 per cent and domestic institutional investors had 3.9 per cent.

Key Financials
The company reported consolidated sales of Rs 2238.0 crore for the quarter ended 30-Sep-2021, up 23.27 per cent from previous quarter's Rs 1815.52 crore and up 26.75 per cent from the year-ago quarter's Rs 1765.73 crore.

Net profit after tax for the latest quarter stood at Rs 218.85 crore, down 0.95 per cent from the same quarter a year ago.

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