Berger Paints shares gain 1.92% as Sensex rises

Berger Paints shares gain 1.92% as Sensex rises
ETMarkets.com
Rate Story
Share
Font Size
Save
Comment
Synopsis

A total of 27,998 shares changed hands on the counter till 11:06AM (IST)

Agencies
India 10-year bond yield rose 0.37 per cent to 6 after trading in 5.99-6.01 range.
Shares of Berger Paints (India) Ltd. traded 1.92 per cent up at Rs 693.35 at 11:06AM (IST) on Wednesday, even as BSE benchmark Sensex gained 336.91 points to 60179.12. The scrip had closed at Rs 680.3 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 856.9 and Rs 543.85, respectively.

As per BSE data, total traded volume on the counter till 11:06AM (IST) stood at 11:06AM shares with turnover at Rs 1.92 crore.

At the prevailing price, the stock trades at 71.13 times its trailing 12-month earnings per share of Rs 9.74 per share and 17.31 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

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

Shareholding Details
Promoters held 74.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 11.03 per cent and DIIs 3.58 per cent.
Experience Your Economic Times Newspaper, The Digital Way!

Read More News on

(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.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

...more
Pick the best stocks for yourself
Powered by
Read before you invest. Insights on Berger Paints (India) Ltd.. Explore Now