Berger Paints declines 0.21% as Sensex slides

Shares of Berger Paints (India) Ltd. traded at Rs 629.8 on BSE at 11:42AM (IST) on Wednesday, down 0.21 per cent from previous close.

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

Earlier, shares of the company saw a gap up opening in the morning.

A total of 13,264 lakh shares changed hands on the counter till 11:42AM (IST).

The stock of Berger Paints (India) Ltd. commanded a market value of Rs 61340.71 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 64.87, 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, 176 stocks traded in the green, while 325 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 overseas 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 675.82 on September 21, while the 50-DMA was at 641.51. 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.