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    Page Industries shares fall 0.27% as Nifty gains

    Synopsis

    The stock quoted a 52-week high price of Rs 54262.3 and a 52-week low of Rs 34968.6.

    stock-market-5---GettyGetty Images
    Shares of Page Industries Ltd. traded 0.27 per cent down at Rs 38228.15 on Monday at around 01:44PM (IST), while the benchmark BSE Sensex advanced 118.21 points to 62743.84.

    As many as 435 shares changed hands on the counter with a total value of Rs 1.66 crore.

    The stock quoted a 52-week high price of Rs 54262.3 and a 52-week low of Rs 34968.6.

    On the technical charts, the 200-DMA of the stock stood at Rs 43553.73, while 50-DMA was at Rs 39645.31. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

    Shares of the company have advanced 7.5 per cent in the past one year, while Sensex has risen 13.85 per cent during the same period.

    According to BSE data, the stock trades at a price-to-earnings multiple of 74.65 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 reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Branded Hosiery/Knitwear industry.
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