BERGER PAINTS Share Price Down by 5%; BSE 500 Index Down 2.6%
August 31, 2020 03:20 PM

BERGER PAINTS share price has plunged 5% and is presently trading at Rs 570.

Meanwhile, the BSE 500 Index is at 15,480 (down 2.6%).

Among the top losers in the BSE 500 Index today are BERGER PAINTS (down 5.1%) and PAGE INDUSTRIES (down 5.9%).

GSK CONSUMER (up 5.1%) and BANK OF INDIA (up 3.8%) are among the top gainers today.

Over the last one year, BERGER PAINTS has moved up from Rs 366 to Rs 570, registering a gain of Rs 204 (up 55.5%)..

The BSE 500 has moved up from 14,220 to 15,480, registering a gain of 1,260 points (up 8.9%) during the last 12 months.

The top buzzing stocks among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 925.9%), LAURUS LABS LTD (up 242.3%) and GRANULES INDIA (up 239.2%).

What About the Benchmark Indices?

The BSE Sensex is at 40,010 (down 1.9%). The top gainers among the BSE Sensex stocks today are ONGC (up 2.1%), TCS (up 1.2%) and INFOSYS (up 0.2%). Other gainer include HDFC BANK (up 0.2%). The most traded stocks in the BSE Sensex are ONGC and HDFC BANK.

In the meantime, NSE Nifty is at 11,794 (down 2.1%). ONGC (up 2.1%) and TCS (up 1.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,452 to 40,010, registering a gain of 2,558 points (up 3.38%).

BERGER PAINTS Financial Update...

BERGER PAINTS net profit down at Rs 1 billion for the quarter ended March 2020, compared to a loss of Rs 2 billion a year ago. Net Sales declined 20.1% to Rs 13.5 billion during the period as against Rs 17.0 billion in January-March 2019.

For the year ended March 2019, BERGER PAINTS reported 8.3% increase in net profit to Rs 5.0 billion compared to net profit of Rs 4.6 billion during FY18.

Revenue of the company grew 14.8% to Rs 61 billion during FY19.

The current Price to earnings ratio of BERGER PAINTS, based on rolling 12 month earnings, stands at 78.2x.