Shares of Page Industries fall as Nifty drops

Shares of Page Industries Ltd. slipped 0.16 per cent to Rs 41317.4 in Thursday's trade as of 12:05PM (IST). It hit a high of Rs 41549.9 and low of Rs 41317.4 during the session.

The stock quoted a 52-week high price of Rs 54262.3 and a low of Rs 35600.0. The return on equity for the stock stood at 49.28 per cent. About 101 shares have changed hands on the counter so far.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.87.

The scrip has been an underperformer, down 1.12 per cent in the past one year in comparison with a 13.7 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 35600.0 on May 11, while the 50-DMA was at Rs 38472.97. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding
Promoters held 0.0 per cent stake in Page Industries Ltd. as of 31-Mar-2023. Mutual funds and foreign institutional investors held 16.55 per cent and 22.39 per cent stake.