Stock Radar: Contra buy? Berger Paints stock shows signs of bottoming out after 20% fall from highs

The paint stock reached a peak of Rs 679 on September 22nd, 2023, but subsequently experienced a decline, closing at Rs 526 on July 22nd, 2024, representing a drop of over 22%. Following its 52-week high, the stock faced downward pressure from bears. However, it found support above Rs 430 on June 4th, 2024, and initiated a recovery.