Share worth of Berger Paints falls as Nifty strengthens


Shares of (India) Ltd. slipped 1.06 per cent to Rs 854.5 in Thursday’s commerce as of 02:37PM (IST). The inventory hit a excessive worth of Rs 872.0 and low of Rs 851.7 throughout the session.

The return on fairness (ROE) for the inventory stood at 21.31 per cent. Traded quantity on the counter stood at 02:37PM shares and turnover at Rs 5.22 crore round that point. The inventory of Berger Paints (India) Ltd. quoted a 52-week excessive worth of Rs 872.0 and 52-week low costs of Rs 509.1, respectively.

The inventory’s Beta worth, which measures its volatility in relation to the broader market, stood at 0.89.


Promotor/FII Holding

Promoters held 60.5 per cent stake within the firm as of 30-Jun-2021, whereas international buyers held 11.25 per cent and home institutional buyers had 0.87 per cent.

Key Financials

The corporate reported consolidated gross sales of Rs 2041.09 crore for the quarter ended 31-Mar-2021, down 4.34 per cent from earlier quarter’s Rs 2133.79 crore and down 48.82 per cent from the year-ago quarter’s Rs 1371.49 crore. Web revenue after tax for the newest quarter stood at Rs 208.59 crore, up 101.11 per cent from the identical quarter a 12 months in the past.


Technicals
The MACD signalled a bullish bias on the counter. The MACD is understood for signalling pattern reversals in traded securities or indices.

It’s the distinction between the 26-day and 12-day exponential shifting averages. A nine-day exponential shifting common, known as the sign line, is plotted on topof the MACD to replicate “purchase” or “promote” alternatives. When the MACD crosses under the sign line, it provides a bearish sign, indicating that the value of the safety may even see a downward motion and vice versa.



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