Page Industries shares down 0.67% as Nifty falls

Shares of Page Industries Ltd. rose 0.67 per cent to Rs 38385.35 in Wednesday's trade. It hit an intraday high of Rs 38609.75 and low of Rs 37900.0, respectively, during the day.

The stock quoted a 52-week high price of Rs 54262.3 and low of Rs 37138.95.

As of 01:27PM (IST), the counter saw total traded volume of 256 shares with a traded value of Rs 0.98 crore, according to NSE.

The stock had closed at Rs 38646.2 in the previous session.

The scrip has declined -4.43 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -1.5 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 62.67 while price-to-book ratio stood at 44.25. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Branded Hosiery/Knitwear industry.

Promoter/FII Holding
Promoters held 0.0 per cent stake in the company as of 31-Dec-2022, while FII and MF ownership in the firm stood at 24.66 per cent and 14.96 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 1224.9 crore for the quarter ended 31-Dec-2022, down 2.61 per cent from the previous quarter's Rs 1257.69 crore and down 2.34 per cent from the year-ago quarter's Rs 1196.94 crore. Its net profit for the latest quarter stood at Rs 123.73 crore, down 29.12 per cent from the same quarter a year ago.