Page Industries shares up 3.26% as Nifty gains

Page Industries shares up 3.26% as Nifty gains
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Synopsis

A total of 263 shares changed hands on the counter till 11:47AM (IST).

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India 10-year bond yield fell 0.41 per cent to 5.89 after trading in 5.87-5.91 range
NEW DELHI: Shares of Page Industries Ltd. traded 3.26 per cent up in Thursday's trade at 11:47AM (IST). Around 263 shares changed hands on the counter.

The stock opened at Rs 40600.0 and touched an intraday high and low of Rs 41297.65 and Rs 40550.0, respectively, in the session so far. Shares of the company of Page Industries Ltd. quoted a 52-week high of Rs 45162.9 and a 52-week low of Rs 27610.05.

As per BSE, the total market cap of the Page Industries Ltd. stood at Rs 45821.62 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 1196.94 crore for the quarter ended 31-Dec-2021, up 9.87 per cent from previous quarter's Rs 1089.37 crore and up 28.54 per cent from the year-ago quarter's Rs 931.21 crore.

The net profit for latest quarter stood at Rs 174.57 crore, up 13.58 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2021, domestic institutional investors held 12.68 per cent stake in the firm, while foreign institutional investors held 25.07 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 99.27 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 is the measure of the price that investors are ready to pay even for no growth in the business.

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

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