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Wednesday, December 7, 2016

Berger Paints share price settles in the Green Zone


berger-paintsBerger Paints share price rallied above 4 per cent. The stock opened almost flat at Rs. 219.00 as compared to its previous closing at Rs. 218.40. The stock touched the day’s high and low at Rs. 229.30 and Rs. 218.75 respectively. A total of 9,22,755 shares of the company have been traded today aggregating to a total value of Rs 2,083.30 lacs.
Kuldip Singh Dhingra promoted Berger Paints, which commands 18 per cent of the decorative Indian paint market, has adopted a two-pronged strategy to ensure its topline takes minimal hit as consumers resort to discretionary purchases making paints a secondary or deferred priority.
The lower price band of the share is 174.75 and the upper price band is 262.05. The 52 week high of Berger Paints share price is observed at Rs. 276.80 on 12th September 2016 whereas the 52 week low is seen at Rs. 152.83 on 14th December 2015. The Average Daily Movement of the stock is 9.65 and its average volume for last 20 days is 1112686. The stock yields -15.91 per cent monthly returns and has a Consolidated Trailing PE Ratio of 45.61. The market cap of the company amounts to Rs. 21205.61 (Cr) and has a book value of 15.23.
Berger Paints India Limited is one of the Indian chemicals companies which are engaged in decorative paints, performance coatings as well as specialty chemicals. Headquartered in Kolkata, India it has 10 manufacturing units and over 110 stock points. Berger Paints also has an international presence in 4 countries – Russia, Poland, Nepal and also Bangladesh. With employee strength of more than 2,800 and a countrywide distribution network of 25,000 plus dealers, the company is established in the sector with a varied portfolio of paints and tailor-made customer services.
Berger Paints is one of the top 500 Shares identified by Dynamic research team at the end of every quarter out of 1700 Shares of NSE.
In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Berger Paints share price history.

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