BERGEPAINT - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | BERGEPAINT | Market Cap | 55,164 Cr. | Current Price | 473 ₹ | High / Low | 605 ₹ |
| Stock P/E | 51.5 | Book Value | 49.0 ₹ | Dividend Yield | 0.80 % | ROCE | 24.9 % |
| ROE | 20.0 % | Face Value | 1.00 ₹ | DMA 50 | 457 ₹ | DMA 200 | 497 ₹ |
| Chg in FII Hold | -0.57 % | Chg in DII Hold | 0.63 % | PAT Qtr | 336 Cr. | PAT Prev Qtr | 176 Cr. |
| RSI | 60.4 | MACD | 8.47 | Volume | 2,80,115 | Avg Vol 1Wk | 1,44,833 |
| Low price | 391 ₹ | High price | 605 ₹ | PEG Ratio | 3.98 | Debt to equity | 0.08 |
| 52w Index | 38.3 % | Qtr Profit Var | 9.90 % | EPS | 8.62 ₹ | Industry PE | 36.6 |
📈 Chart & Trend Analysis:
- Current price ₹473 is above 50 DMA (₹457) but still below 200 DMA (₹497), showing short-term strength but medium-term resistance.
- RSI at 60.4 indicates healthy momentum, not yet overbought.
- MACD at 8.47 remains positive, supporting bullish bias.
- Bollinger Bands suggest price is mid-range, leaving room for expansion.
- Volume (2,80,115) is nearly double the 1-week average (1,44,833), confirming strong buying interest.
🎯 Entry Zone: ₹455–465 (support near 50 DMA)
🎯 Exit Zone: ₹495–510 (resistance near 200 DMA and supply zone)
📊 Status: Trending upward with momentum support, but medium-term reversal risk if resistance holds.
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Positive
✔ Strong ROCE (24.9%) and ROE (20%)
✔ Low debt-to-equity (0.08) ensures balance sheet strength
✔ PAT growth (336 Cr vs 176 Cr) reflects robust earnings momentum
✔ Volume surge signals renewed investor participation
Limitation
⚠ High P/E (51.5 vs industry 36.6) indicates overvaluation
⚠ PEG ratio (3.98) suggests expensive growth prospects
⚠ Price still below 200 DMA, limiting breakout potential
Company Negative News
📉 Decline in FII holdings (-0.57%) shows reduced foreign investor confidence
Company Positive News
📈 Increase in DII holdings (+0.63%) reflects domestic institutional support
📈 Strong quarterly profit variation (9.9%) adds earnings visibility
Industry
🏭 Paints & coatings sector trades at lower average PE (36.6), making BERGEPAINT relatively expensive compared to peers
Conclusion
BERGEPAINT shows short-term bullish momentum supported by volume and MACD, but valuation remains stretched. Accumulation near ₹455–465 is favorable, with profit booking around ₹495–510 unless a decisive breakout above 200 DMA occurs. Long-term investors should weigh strong fundamentals against premium valuation risks.
This balances the short-term technical momentum with the valuation-driven caution. Would you like me to extend this into a dual-view report (short-term trading vs long-term investment suitability) so you can directly overlay both perspectives in your modular workflow?