Berger Paints rises 1.45% as Sensex climbs

Shares of Berger Paints (India) Ltd. traded at Rs 635.65 on BSE at 10:30AM (IST) on Tuesday, up 1.45 per cent from previous close.

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

Earlier, the stock saw a gap up opening in the morning.

A total of 8,907 lakh shares changed hands on the counter till 10:30AM (IST).

The stock of Berger Paints (India) Ltd. commanded a market value of Rs 61666.11 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 65.21, while the price-to-book value ratio stood at 17.31. Return on equity (ROE) was at 21.2 per cent, according to exchange data.

In the BSE500 pack, 232 stocks traded in the green, while 269 stocks were in the red.

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

Promotor/FII Holding
Promoters held 60.51 per cent in Berger Paints (India) Ltd. as of 30-Jun-2022 while foreign and domestic institutional investors owned 11.03 per cent and 1.01 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 673.75 on September 27, while the 50-DMA was at 645.23. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.