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Berger Paints shares rise with Nifty rise

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(India) Ltd shares rose 0.59 per cent to Rs 781.0 in Tuesday’s trade at 12:02 pm (IST). During the session, it touched a high of Rs 784.15 and a low of Rs 770.0.

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

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

The stock has underperformed in the last one year, rising 0.36 per cent as compared to a gain of 30.65 per cent in the previous one year. Sensex.

technicals

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

Promoter/FII Holding

Promoters held 60.51 per cent stake in Berger Paints (India) Limited as of 30-September-2021. Mutual funds and foreign institutional investors held 1.15 per cent and 11.22 per cent.

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Hassaan Minhas

Hassaan is a journalist at UsamaSpeaks.com and he deals with Latest News, India News, and Tech News. Hassaan is a very professional and authentic news journalist.

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