Page Industries shares down 0.01% as Nifty drops

NEW DELHI: Shares of Page Industries Ltd. traded 0.01 per cent down in Thursday's trade at 01:32PM (IST). Around 299 shares changed hands on the counter.

The stock opened at Rs 39100.0 and touched an intraday high and low of Rs 39280.0 and Rs 38968.0, respectively, in the session so far. The stock of Page Industries Ltd. quoted a 52-week high of Rs 54262.3 and a 52-week low of Rs 34968.6.

As per BSE, the total market cap of the Page Industries Ltd. stood at Rs 43759.32 crore at the time of writing this report.

Key Financials
The company reported consolidated net 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.

The net profit for latest quarter stood at Rs 78.35 crore, down 58.88 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2023, domestic institutional investors held 16.55 per cent stake in the company, while foreign institutional investors held 22.39 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 76.6 and a price-to-book ratio of 30.86. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.