Stock of Interest

Posted On: September 14, 2023

Stock Report: BERGEPAINT(NSE) 13 Sep 2023

Berger Paints India Ltd manufactures and sells a variety of paints, coatings, and sealants. The majority of the company’s revenue comes from the sale of decorative acrylic paints used for interior and exterior housing, wood coatings, primers, thinners, and putties under the Berger brand name. The company also sells industrial paints to the automotive industry as well as protective and powder coatings used to protect steel, concrete, furniture, hospital items, and garden tools. Nearly all revenue comes from India. 

#xCalData predicts that #BERGEPAINT will continue its bullish phase over the next five days and trend within the range of 705 to 740.   

In comparison to the previous month, the price of the stock has experienced an increase of 3.33% indicating a bullish. 

The Stock has doubled twice since 16 Jun 2015 and took an average of 2.2 years to double. 

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 4 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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