The Economic Times daily newspaper is available online now.

    Share price of Berger Paints jumps as Sensex gains 132.1 points

    Synopsis

    Promoters held 60.51 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 11.03 per cent and 1.01 per cent, respectively.

    markets-shutterShutterstock.com
    India 10-year bond yield jumped 0.38 per cent to 6.03 after trading in 6.01 - 6.04 range.
    The share price of Berger Paints (India) Ltd. gained 0.24 per cent to Rs 611.0 at 01:25PM (IST) in Wednesday's trade. The stock has hit a high of Rs 613.75 and low of Rs 605.8 so far during the session. The stock had closed at Rs 609.55 in the previous session.

    The counter has had a total traded volume of 9198 shares so far with a value of Rs 0.56 crore on the NSE. It traded at a price-to-earnings multiple of 62.73 and a price-to-book ratio of 17.31.

    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 20.49 per cent during the past one year, while the 30-share index advanced 5.27 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-2022, while FIIs and domestic institutional investors ownership stood at 11.03 per cent and 1.01 per cent, respectively.

    Key Financials
    The company reported consolidated sales of Rs 2683.5 crore for the quarter ended 30-Sep-2022, down 3.22 per cent from the previous quarter's Rs 2772.74 crore and down 19.91 per cent from the year-ago quarter's Rs 2238.0 crore.

    Profit for the latest quarter stood at Rs 219.36 crore, up 0.23 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