Share price of Berger Paints falls as Sensex drops 102.44 points

Share price of Berger Paints falls as Sensex drops 102.44 points
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Synopsis

Promoters held 60.51 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 11.3 per cent and 1.15 per cent, respectively.

Reuters
On an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles.
The share price of (India) Ltd. dropped 0.37 per cent to Rs 773.05 at 12:49PM (IST) in Tuesday's trade. The counter has hit a high of Rs 780.1 and low of Rs 767.3 so far during the session. The stock had closed at Rs 775.95 in the previous session.

The counter has had a total traded volume of 17501 shares so far with a value of Rs 1.35 crore on the NSE. It traded at a price-to-earnings multiple of 88.9 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 declined 2.92 per cent during the past one year, while the 30-share index advanced 34.35 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 31-Dec-2021, while FIIs and domestic institutional investors ownership stood at 11.3 per cent and 1.15 per cent, respectively.

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 the previous quarter's Rs 1815.52 crore and up 26.75 per cent from the year-ago quarter's Rs 1765.73 crore.

Profit 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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