Shares of Berger Paints (India) Ltd. slipped 1.5 per cent to Rs 615.9 in Thursday’s trade as of 12:02PM (IST). It hit a high of Rs 631.0 and low of Rs 615.4 during the session.

The stock quoted a 52-week high price of Rs 856.9 and a low of Rs 543.85. The return on equity for the stock stood at 21.2 per cent. About 13,111 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, down 25.69 per cent in the past one year in comparison with a 5.09 per cent fall in Sensex,

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 543.85 on October 13, while the 50-DMA was at Rs 651.1. 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 (India) Ltd. as of 30-Jun-2022. Mutual funds and foreign institutional investors held 1.01 per cent and 11.03 per cent stake.

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By Dipak

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