Share price of Page Industries falls as Sensex gains 330.68 points

Share price of Page Industries falls as Sensex gains 330.68 points
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Synopsis

Promoters held 0.0 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 25.18 per cent and 14.53 per cent, respectively.

Reuters
Nifty continues to climb a wall of worry as it looks to be in the final leg of its rally before heading for a correction.
The share price of . dropped 0.03 per cent to Rs 48800.0 at 11:42AM (IST) in Monday's trade. The counter has hit a high of Rs 49356.7 and low of Rs 48791.7 so far during the session. The stock had closed at Rs 48815.85 in the previous session.

The counter has had a total traded volume of 7340 shares so far with a value of Rs 35.87 crore on the NSE. It traded at a price-to-earnings multiple of 101.45 and a price-to-book ratio of 44.25.

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

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 54.9 per cent during the past one year, while the 30-share index advanced 10.11 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 30-Jun-2022, while foreign investors and domestic institutional investors ownership stood at 25.18 per cent and 14.53 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 1116.04 crore for the quarter ended 31-Mar-2022, down 6.76 per cent from the previous quarter's Rs 1196.94 crore and down 25.92 per cent from the year-ago quarter's Rs 886.32 crore.

Profit for the latest quarter stood at Rs 190.52 crore, up 64.86 per cent from the same quarter a year ago.
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