The share price of (India) Ltd. dropped 0.34 per cent to Rs 810.9 at 12:19PM (IST) in Tuesday’s trade. The counter has hit a high of Rs 817.3 and low of Rs 806.15 so far during the session. The stock had closed at Rs 813.65 in the previous session.
The counter has had a total traded volume of 27751 shares so far with a value of Rs 2.25 crore on the NSE. It traded at a price-to-earnings multiple of 93.2 and a price-to-book ratio of 21.99.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 42.49 per cent during the past one year, while the 30-share index advanced 50.28 per cent during the same period.
Berger Paints (India) Ltd. belongs to the Paints/Varnishes industry.
Promoters held 60.5 per cent stake in the company as of 30-Jun-2021, while overseas investors and domestic institutional investors ownership stood at 11.25 per cent and 0.87 per cent, respectively.
The firm reported consolidated net sales of Rs 1815.52 crore for the quarter ended 30-Jun-2021, down 11.05 per cent from the previous quarter’s Rs 2041.09 crore and down 93.43 per cent from the year-ago quarter’s Rs 938.59 crore.
Profit for the latest quarter stood at Rs 140.59 crore, up 811.74 per cent from the same quarter a year ago.