Page Industries shares rise 1.36% as Nifty gains

Page Industries shares rise 1.36% as Nifty gains
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The stock quoted a 52-week high price of Rs 33980.0 and a 52-week low of Rs 17700.0.

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MACD is known for signaling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
Shares of Ltd. traded 1.36 per cent up at Rs 31973.95 on Friday at around 11:49AM (IST), while the benchmark BSE Sensex advanced 99.0 points to 52752.07.

As many as 440 shares changed hands on the counter with a total value of Rs 1.39 crore.

The stock quoted a 52-week high price of Rs 33980.0 and a 52-week low of Rs 17700.0.

Did you Know?

Stock score of Page Industries Ltd moved up by 1 in a month on a 10-point scale.

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On the technical charts, the 200-DMA of the stock stood at Rs 27850.32, while 50-DMA was at Rs 30984.2. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 63.1 per cent in the past one year, while Sensex has risen 37.06 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 104.5 and a price-to-book ratio of 38.24. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Branded Hosiery/Knitwear industry.

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