Market

Shares of Berger Paints fall as Nifty drops

Shares of (India) Ltd. slipped 0.08 per cent to Rs 711.5 in Tuesday’s trade as of 01:32PM (IST). It hit a high of Rs 719.05 and low of Rs 706.45 during the session.

The stock quoted a 52-week high price of Rs 824.8 and a low of Rs 431.55. The return on equity for the stock stood at 24.72 per cent. About 13,879 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 47.8 per cent in the past one year in comparison with a 48.63 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 431.55 on May 04, while the 50-DMA was at Rs 728.72. 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 60.5 per cent stake in Berger Paints (India) Ltd. as of 31-Mar-2021. Mutual funds and foreign institutional investors held 0.82 per cent and 11.24 per cent stake.

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