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    Share price of Page Industries jumps as Sensex drops 25.43 points

    Synopsis

    Promoters held 0.0 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 22.39 per cent and 16.55 per cent, respectively.

    NiftyGetty Images
    Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
    The share price of Page Industries Ltd. gained 1.6 per cent to Rs 39874.85 at 10:10AM (IST) in Friday's trade. The counter has hit a high of Rs 39876.55 and low of Rs 39175.0 so far during the session. The stock had closed at Rs 39247.4 in the previous session.

    The counter has had a total traded volume of 237 shares so far with a value of Rs 0.94 crore on the NSE. It traded at a price-to-earnings multiple of 64.05 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 declined 12.97 per cent during the past one year, while the 30-share index advanced 0.26 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 31-Mar-2023, while overseas investors and domestic institutional investors ownership stood at 22.39 per cent and 16.55 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.

    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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