Page Industries stock price down 1.21 per cent as Sensex slides

Shares of Page Industries Ltd. fell 1.21 per cent to Rs 41295.2 at 01:58PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 375 shares with a turnover of Rs 1.55 crore till 01:58PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 67.43, while the price-to-book value ratio stood at 44.25.

Return on equity (ROE) was at 49.28 per cent, according to exchange data. The stock hit an intraday high of Rs 41885.95 and a low of Rs 41215.45 during the session and quoted a 52-week high price of Rs 54262.3 and a 52-week low of Rs 35600.0.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 44223.15 on May 24, while the 50-DMA was at Rs 39256.09. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 54.48. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Mar-2023, promoters held 46.12 per cent stake in the company, while FIIs held 22.38 per cent and domestic institutional investors had 21.05 per cent.