Friday, September 17, 2021
HomeBanking and financeBerger Paints shares up 0.59% as Sensex rises

Berger Paints shares up 0.59% as Sensex rises

Shares of (India) Ltd. gained 0.59 per cent to Rs 839.55 in Wednesday’s session as of 11:51AM (IST) even because the fairness benchmark Sensex traded 295.1 factors larger at 58542.19.

Earlier within the day, the inventory witnessed a spot up begin to the session. The inventory quoted a 52-week excessive value of Rs 872.0 and a 52-week low of Rs 550.6 on NSE. Round 6242 shares modified arms on the counter until 11:51AM (IST).

The inventory opened at Rs 838.6 and has touched an intraday excessive and low of Rs 842.7 and Rs 831.35 throughout the session to date. The inventory quoted a price-to-earnings (PE) ratio of 96.49, earnings per share (EPS) of Rs 8.7 and value to e book worth (PB) of 21.99, whereas the return on fairness (ROE) stood at Rs 21.31.

Promoter/ FII Holding
The promoters held 74.98 per cent stake within the firm as of September 15, whereas FII and MF ownerships stood at 11.25 per cent and 0.87 per cent, respectively.

Key Financials

With a market capitalisation of Rs 81530.51 crore, the corporate operates within the Paints/Varnishes trade. For the quarter ended 30-Jun-2021, the corporate reported consolidated gross sales of Rs 1815.52 crore, down 11.05 per cent from the earlier quarter?s Rs 2041.09 crore and down 93.43 per cent from the identical quarter a yr in the past. The corporate reported internet revenue of Rs 140.59 crore for the newest quarter, up 811.74 per cent from the corresponding quarter final yr.

Technical Indicators
The relative energy index (RSI) of the inventory stands at 60.56. The RSI oscillates between zero and 100. Historically, it’s thought of overbought situation when the RSI worth is above 70 and oversold situation when it’s beneath 30. Analysts say the RSI indicator shouldn’t be seen in isolation, because it might not be adequate to take a buying and selling name, simply the way in which a basic analyst can’t give a “purchase” or “promote” advice utilizing a single valuation ratio.

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