⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
BERGEPAINT - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.2
| Stock Code | BERGEPAINT | Market Cap | 54,334 Cr. | Current Price | 466 ₹ | High / Low | 605 ₹ |
| Stock P/E | 52.2 | Book Value | 49.0 ₹ | Dividend Yield | 0.81 % | ROCE | 24.9 % |
| ROE | 20.0 % | Face Value | 1.00 ₹ | DMA 50 | 523 ₹ | DMA 200 | 537 ₹ |
| Chg in FII Hold | -0.10 % | Chg in DII Hold | 0.37 % | PAT Qtr | 176 Cr. | PAT Prev Qtr | 321 Cr. |
| RSI | 20.1 | MACD | -17.9 | Volume | 94,508 | Avg Vol 1Wk | 2,87,407 |
| Low price | 453 ₹ | High price | 605 ₹ | PEG Ratio | 4.04 | Debt to equity | 0.08 |
| 52w Index | 8.34 % | Qtr Profit Var | -23.0 % | EPS | 8.69 ₹ | Industry PE | 33.9 |
📈 Technical Analysis
- Chart Patterns: Price has broken down from highs (605 ₹) and is hovering near strong support at 453 ₹.
- Moving Averages: Current price (466 ₹) is below both 50 DMA (523 ₹) and 200 DMA (537 ₹), confirming bearish trend.
- RSI: At 20.1, the stock is in oversold territory, suggesting possible short-term rebound.
- MACD: Negative (-17.9), reinforcing bearish momentum.
- Bollinger Bands: Price near lower band, oversold zone, potential for mean reversion.
- Volume Trends: Current volume (94,508) is significantly lower than average weekly volume (2,87,407), showing weak participation.
🎯 Momentum & Trade Zones
- Short-term Momentum: Weak, oversold indicators may trigger a bounce.
- Support Levels: 453 ₹ (major support), 466 ₹ (current zone).
- Resistance Levels: 490 ₹ (near-term), 523 ₹ (50 DMA), 537 ₹ (200 DMA).
- Optimal Entry: 455–465 ₹ if RSI stabilizes.
- Optimal Exit: 490–520 ₹ range unless reversal confirmed.
📊 Trend Status
Stock is trending down. Oversold signals hint at short-term consolidation, but no clear reversal yet.
✅ Positive
- Strong ROCE (24.9%) and ROE (20%).
- Low debt-to-equity (0.08), financially stable.
- Dividend yield of 0.81% adds investor confidence.
⚠️ Limitation
- High valuation with P/E of 52.2 vs industry P/E of 33.9.
- PEG ratio of 4.04 indicates expensive growth.
- Quarterly profit declined sharply (-23%).
📉 Company Negative News
- PAT dropped to 176 Cr. from 321 Cr. in previous quarter.
- FII holding reduced (-0.10%).
📈 Company Positive News
- DII holding increased (+0.37%), showing domestic investor confidence.
- Strong brand presence and long-term fundamentals remain intact.
🏭 Industry
- Paints sector trades at industry P/E of 33.9, lower than Berger Paints’ valuation.
- Sector growth supported by housing and infrastructure