Share price of Page Industries falls as Nifty strengthens

Shares of Page Industries Ltd. slipped 8.85 per cent to Rs 37499.95 in Friday's trade as of 02:14PM (IST).

The stock hit a high price of Rs 37565.0 and low of Rs 34968.6 during the session.

The return on equity (ROE) for the stock stood at 41.66 per cent. Traded volume on the counter stood at 02:14PM shares and turnover at Rs 30.08 crore around that time.

The stock of Page Industries Ltd. quoted a 52-week high and 52-week low prices of Rs 54262.3 and Rs 34968.6, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 0.87.

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

Key Financials
The company reported consolidated sales of Rs 976.21 crore for the quarter ended 31-Mar-2023, down 20.3 per cent from previous quarter's Rs 1224.9 crore and down 12.53 per cent from the year-ago quarter's Rs 1116.04 crore.

Net profit after tax for the latest quarter stood at Rs 78.35 crore, down 58.88 per cent from the same quarter a year ago.