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    Page Industries rises 0.87% as Sensex climbs

    Synopsis

    The stock traded at a P/E multiple of 75.7, while the price-to-book value ratio stood at 30.86.

    tech view 2Shutterstock.com
    RSI has turned north from the 60 level, confirming bullishness.
    Shares of Page Industries Ltd. traded at Rs 38820.3 on BSE at 10:46AM (IST) on Thursday, up 0.87 per cent from previous close.

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

    Earlier, the stock saw a gap down opening in the morning.

    A total of 144 lakh shares changed hands on the counter till 10:46AM (IST).

    The stock of Page Industries Ltd. commanded a market value of Rs 43244.13 crore, according to BSE.

    The stock traded at a price-to-earning (P/E) multiple of 75.7, while the price-to-book value ratio stood at 30.86. Return on equity (ROE) was at 41.66 per cent, according to exchange data.

    In the BSE500 pack, 353 stocks traded in the green, while 148 stocks were in the red.

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

    Promotor/FII Holding
    Promoters held 0.0 per cent in Page Industries Ltd. as of 31-Mar-2023 while foreign portfolio investors and domestic institutional investors owned 22.39 per cent and 16.55 per cent, respectively.

    Moving averages
    The 200-DMA of the stock stood at 43387.12 on June 15, while the 50-DMA was at 39680.67. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
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