Page Industries shares rise 1.97% as Nifty drops

Page Industries shares rise 1.97% as Nifty drops
ETMarkets.com
Rate Story
Share
Font Size
Save
Comment
Synopsis

The stock quoted a 52-week high price of Rs 45162.9 and a 52-week low of Rs 27287.9.

Reuters
On an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles.
Shares of Page Industries Ltd. traded 1.97 per cent up at Rs 42026.55 on Thursday at around 10:20AM (IST), while the benchmark BSE Sensex declined 101.24 points to 57895.44.

As many as 229 shares changed hands on the counter with a total value of Rs 0.96 crore.

The stock quoted a 52-week high price of Rs 45162.9 and a 52-week low of Rs 27287.9.

On the technical charts, the 200-DMA of the stock stood at Rs 35348.29, while 50-DMA was at Rs 41305.57. 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 48.55 per cent in the past one year, while Sensex has risen 12.31 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 101.56 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.

Pick the best companies to invest

BECOME AN ETPRIME MEMBER

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

...more
Pick the best stocks for yourself
Powered by