Shares of Page Industries fall as Nifty gains

Shares of Ltd. slipped 0.04 per cent to Rs 29502.05 in Wednesday's trade as of 01:48PM (IST). It hit a high of Rs 29775.8 and low of Rs 29363.95 during the session.

The stock quoted a 52-week high price of Rs 32372.0 and a low of Rs 16300.45. The return on equity for the stock stood at 41.86 per cent. About 536 shares have changed hands on the counter so far.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.87.

The scrip has been an underperformer, up 76.66 per cent in the past one year in comparison with a 79.82 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 16300.45 on April 07, while the 50-DMA was at Rs 29128.7. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding
Promoters held 0.0 per cent stake in Page Industries Ltd. as of 31-Dec-2020. Mutual funds and foreign institutional investors held 12.29 per cent and 25.34 per cent stake.