The Economic Times daily newspaper is available online now.

    Share price of Berger Paints falls as Sensex drops 569.1 points

    Synopsis

    Promoters held 60.51 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 11.22 per cent and 1.15 per cent, respectively.

    marketsGetty Images
    India 10-year bond yield declined 0.40 per cent to 5.98 after trading in 5.98 -6.04 range.
    The share price of Berger Paints (India) Ltd. dropped 4.97 per cent to Rs 759.75 at 01:53PM (IST) in Thursday's trade. The scrip has hit a high of Rs 806.0 and low of Rs 746.65 so far during the session. The stock had closed at Rs 799.5 in the previous session.

    The counter has had a total traded volume of 63047 shares so far with a value of Rs 4.86 crore on the NSE. It traded at a price-to-earnings multiple of 86.68 and a price-to-book ratio of 21.99.

    A higher price-to-earnings 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 gained 25.47 per cent during the past one year, while the 30-share index advanced 49.5 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 30-Sep-2021, while foreign investors and domestic institutional investors ownership stood at 11.22 per cent and 1.15 per cent, respectively.

    Key Financials
    The company reported consolidated net sales of Rs 1815.52 crore for the quarter ended 30-Jun-2021, down 11.05 per cent from the previous quarter's Rs 2041.09 crore and down 93.43 per cent from the year-ago quarter's Rs 938.59 crore.

    Profit for the latest quarter stood at Rs 140.59 crore, up 811.74 per cent from the same quarter a year ago.



    (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.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (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.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in