Plant audit clearance, sales recovery to bolster Page Industries' stock

Valuations, however, are factoring near term gains

Topics
Page Industries | human rights violations | Edelweiss

Ram Prasad Sahu 

The stock of Page Industries gained about 3 per cent on Tuesday after the company’s plant (Unit-3), located at Bengaluru, was audited and cleared by the Worldwide Responsible Accredited Production (WRAP), which re-certified the facility as socially compliant. The audit was undertaken after alleged human rights violations at Unit-3.

Citing the same, Norges Bank Investment Fund, Norway’s $1 trillion fund, exited the stock and excluded it from its global portfolio. Given the importance accorded to environmental, social and governance or ESG criteria before investment ...

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First Published: Tue, December 15 2020. 18:47 IST
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