Shares of Berger Paints (India) Ltd. traded 0.12 per cent higher in Monday's session at 01:29PM (IST). The stock opened at Rs 590.0 and has touched an intraday high and low of Rs 592.95 and Rs 584.6, respectively, during the session so far.



The stock quoted a 52-week high of Rs 599.5 and a 52-week low of 390.0. About 12,256 shares changed hands on the counter so far.

Benchmark Nifty50 was up 45.65 points at 11462.60, while the BSE Sensex traded 161.15 points higher at 38858.2 at the time of writing of this report.

In the Nifty pack, 23 stocks traded the day in the green, while 26 were in the red.

Key Financials
For the quarter ended 30-Jun-2020, the company reported consolidated sales of Rs 930.76 crore, down 31.3 per cent from the previous quarter's Rs 1354.84 crore and down 45.78 per cent from the year-ago quarter. The company reported net profit of Rs 15.42 crore for the latest quarter.



Promoter Holdings
Promoters held 60.51 per cent stake in the company as of 30-Jun-2020, while FIIs held 11.71 per cent and MFs 1.05 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 522.23 on October 05, while the 50-DMA was at Rs 558.14. If a stock trades 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 as bearish trend and if trades between these averages, then it suggests the stock can go either way.