Share price of Page Industries falls as Sensex gains 226.11 points

Share price of Page Industries falls as Sensex gains 226.11 points
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Synopsis

Promoters held 0.0 per cent stake in the company as of 31-Mar-2021, while FII and DII ownership stood at 25.89 per cent and 12.07 per cent, respectively.

ETMarkets.com
The share price of Ltd. dropped 1.91 per cent to Rs 30169.5 at 01:43PM (IST) in Thursday's trade. The stock has hit a high of Rs 30978.15 and low of Rs 30169.5 so far during the session. The stock had closed at Rs 30755.6 in the previous session.

The counter has had a total traded volume of 672 shares so far with a value of Rs 2.05 crore on the NSE. It traded at a price-to-earnings multiple of 98.95 and a price-to-book ratio of 23.03.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

Did you Know?

Stock score of Page Industries Ltd moved up by 2 in a week.

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The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 50.79 per cent during the past one year, while the 30-share index advanced 62.69 per cent during the same period.

Page Industries Ltd. belongs to the Branded Hosiery/Knitwear industry.

Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 31-Mar-2021, while overseas investors and domestic institutional investors ownership stood at 25.89 per cent and 12.07 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 886.32 crore for the quarter ended 31-Mar-2021, down 4.82 per cent from the previous quarter's Rs 931.21 crore and down 60.81 per cent from the year-ago quarter's Rs 551.17 crore.

Profit for the latest quarter stood at Rs 115.56 crore, up 272.49 per cent from the same quarter a year ago.

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