Finace And Stock

Berger Paints stock price up 0.24 per cent as Sensex slides

Shares of (India) Ltd. rose 0.24 per cent to Rs 822.4 at 11:43AM hours (IST) on Tuesday. Earlier in the day, the stock saw a start to the session.

As per data available on BSE, total traded quantity on the counter stood at 11,100 shares with a turnover of Rs 0.91 crore till 11:43AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 94.64, 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. The stock hit an intraday high of Rs 826.65 and a low of Rs 816.95 during the session and quoted a 52-week high price of Rs 872.0 and a 52-week low of Rs 584.6.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 0.89.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 779.21 on October 05, while the 50-DMA was at Rs 823.09. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 50.49. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2021, promoters held 74.98 per cent stake in the company, while overseas investors held 11.25 per cent and domestic institutional investors had 4.07 per cent.

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