BERGEPAINT - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.5
| Stock Code | BERGEPAINT | Market Cap | 61,431 Cr. | Current Price | 527 ₹ | High / Low | 605 ₹ |
| Stock P/E | 54.2 | Book Value | 54.4 ₹ | Dividend Yield | 0.72 % | ROCE | 23.6 % |
| ROE | 18.9 % | Face Value | 1.00 ₹ | DMA 50 | 482 ₹ | DMA 200 | 498 ₹ |
| Chg in FII Hold | -0.57 % | Chg in DII Hold | 0.63 % | PAT Qtr | 300 Cr. | PAT Prev Qtr | 336 Cr. |
| RSI | 64.1 | MACD | 13.9 | Volume | 2,80,336 | Avg Vol 1Wk | 3,45,158 |
| Low price | 391 ₹ | High price | 605 ₹ | PEG Ratio | 4.97 | Debt to equity | 0.07 |
| 52w Index | 63.5 % | Qtr Profit Var | 26.4 % | EPS | 9.40 ₹ | Industry PE | 34.2 |
📈 Chart & Trend Analysis: BERGEPAINT is trading at ₹527, comfortably above its 50 DMA (₹482) and 200 DMA (₹498), confirming a bullish trend. RSI at 64.1 indicates healthy momentum without being overheated. MACD at 13.9 shows strong positive divergence, supporting continued upward bias. Bollinger Bands place the price near the mid-to-upper band, leaving room for further upside before hitting resistance.
📊 Volume Trends: Current volume (2,80,336) is slightly below the 1-week average (3,45,158), suggesting reduced participation but steady liquidity. No major accumulation or distribution signals are visible.
🔑 Support & Resistance: Key support levels are at ₹498 (200 DMA) and ₹482 (50 DMA). Strong resistance is near ₹605 (recent high). Optimal entry zone lies between ₹500–₹510, while profit booking/exit zone is around ₹590–₹605.
📉 Momentum Signals: RSI and MACD confirm bullish momentum. Short-term signals favor accumulation on dips, with trendlines supporting continuation unless price breaks below ₹482.
📌 Trend Status: The stock is trending upward with moderate consolidation phases, not reversing.
Positive ✅
- Strong ROCE (23.6%) and ROE (18.9%) highlight efficient capital utilization.
- Low debt-to-equity ratio (0.07) ensures financial stability.
- Dividend yield of 0.72% adds shareholder value.
Limitation ⚠️
- High P/E ratio (54.2) compared to industry average (34.2) suggests overvaluation.
- PEG ratio of 4.97 indicates expensive growth prospects.
- Quarterly PAT declined (300 Cr vs 336 Cr), showing short-term earnings pressure.
Company Negative News ❌
- Decline in FII holding (-0.57%) may reflect reduced foreign investor confidence.
Company Positive News 🌟
- DII holding increased (+0.63%), showing strong domestic institutional support.
- Quarterly profit variance at 26.4% reflects consistent earnings improvement YoY.
Industry 🏭
- Paints & coatings industry supported by housing and infrastructure demand.
- Sector P/E at 34.2 indicates premium valuations across the industry.
Conclusion 📌
BERGEPAINT is in a bullish uptrend, supported by fundamentals and technicals. While valuations are stretched, momentum indicators favor accumulation near ₹500–₹510 with profit booking around ₹590–₹605. Trend remains upward with moderate consolidation phases.
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