Trending stocks: Berger Paints shares rise over 3%

NEW DELHI: Shares of Berger Paints (India) Ltd. traded 3.28 per cent up in Wednesday's trade at 11:02AM (IST). Around 79,685 shares changed hands on the counter.

The counter opened at Rs 515.0 and touched an intraday high and low of Rs 538.6 and Rs 515.0, respectively, in the session so far. The stock of Berger Paints (India) Ltd. quoted a 52-week high of Rs 597.45 and a 52-week low of Rs 300.05.

Total market cap of the Berger Paints (India) Ltd. stood at Rs 51688.32 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 1354.84 crore for the quarter ended 31-Mar-2020, down 20.11 per cent from previous quarter's Rs 1695.87 crore and down 7.96 per cent from the year-ago quarter's Rs 1472.09 crore.

The net profit for latest quarter stood at Rs 103.72 crore, down 7.26 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, DIIs held 0.97 per cent stake in the firm, while foreign institutional investors held 7.76 per cent and the promoters 60.51 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 78.58 and a price-to-book ratio of 19.38. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Berger Paints (India) Ltd. belongs to the Paints/Varnishes industry.