Shares of Berger Paints rise as Nifty gains

Shares of Berger Paints rise as Nifty gains

Mazhar Mohammad of said technical indicators are turning mixed as the weekly MACD chart has generated a ‘buy’ signal, giving an edge to the bulls. Shares of

Berger Paints

NSE 0.77 % (India) Ltd. gained 0.59 per cent to Rs 781.0 in Tuesday’s trade as of 12:02PM (IST). It hit a high of Rs 784.15 and low of Rs 770.0 during the session.

The stock quoted a 52-week high price of Rs 872.0 and a low of Rs 675.0. The return on equity for the stock stood at 21.31 per cent. About 11,217 shares have changed hands on the counter so far.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 0.89.

The scrip has been an underperformer, up 0.36 per cent in the past one year in comparison with a 30.65 per cent gain in Sensex .

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 675.0 on January 04, while the 50-DMA was at Rs 756.83. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding
Promoters held 60.51 per cent stake in Berger Paints (India) Ltd. as of 30-Sep-2021. Mutual funds and foreign institutional investors held 1.15 per cent and 11.22 per cent stake.

Stay in the Know!

Sign up for the latest news and information on African Companies and Economy.

By signing up, you agree to receive MoneyInAfrica offers, promotions and other commercial messages. You may unsubscribe at any time.

Leave a Reply