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    Share price of Page Industries falls as Sensex drops 235.15 points

    Synopsis

    A total of 266 shares changed hands on the counter till 01:51PM (IST)

    Stock marketGetty Images
    Share price of Page Industries Ltd. dropped 1.44 per cent to Rs 38002.0 at 01:51PM (IST) in Wednesday's trade. The counter hit a high of Rs 38503.55 and low of Rs 37950.35 so far during the session. The stock had closed at Rs 38557.65 in the previous session.

    The counter had a total traded volume of 01:51PM shares so far with a turnover of Rs 1.01 crore on BSE. The stock traded at a price-to-earnings multiple of 62.11 and a price-to-book ratio of 44.25.

    A higher price-to-earnings 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 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.

    Promotor/FII Holding
    Promoters held 46.12 per cent stake in the company as of 31-Mar-2023, while FIIs and domestic institutional investors ownership stood at 22.38 per cent and 21.05 per cent, respectively.

    Key Financials
    The firm reported consolidated net 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 profit for the latest quarter stood at Rs 123.73 crore, down 29.12 per cent from the same quarter a year ago.
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