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    Berger Paints shares rise 0.69 per cent in Tuesday's trading session

    Synopsis

    The Relative Strength Index of the stock stood at 42.96 on Tuesday.

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    India 10-year bond yield fell 0.41 per cent to 5.89 after trading in 5.87-5.91 range
    Shares of Berger Paints (India) Ltd. rose 0.69 per cent to Rs 617.75 in Tuesday's trade as of 12:07PM (IST) even as the benchmark Nifty ruled at 17497.1, up 185.3 points.

    The scrip had closed at Rs 613.5 in the previous session. The stock quoted a 52-week low of Rs 543.85 and a high of Rs 847.35. The company quoted a market-cap of Rs 59966.25 crore on the BSE.

    On BSE, 20,779 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 63.41 times its trailing 12-month EPS of Rs 9.74 per share and 17.31 times its book value. The return on equity (ROE) stood at Rs 21.2.

    Key Financials
    For the quarter ended 30-Jun-2022, Berger Paints (India) Ltd. reported consolidated sales of Rs 2772.74 crore, up 52.72 per cent from the same quarter a year ago. The company reported 80.26 per cent YoY growth in net profit at Rs 253.43 crore for the latest quarter.

    Technical indicators
    The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

    Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.



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    (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

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