Share price of Page Industries falls as Sensex drops 126.98 points

Share price of Page Industries Ltd. dropped 0.02 per cent to Rs 39394.15 at 10:20AM (IST) in Monday's trade. The stock hit a high of Rs 39720.0 and low of Rs 39243.6 so far during the session. The stock had closed at Rs 39404.7 in the previous session.

The counter had a total traded volume of 10:20AM shares so far with a turnover of Rs 0.79 crore on BSE. The stock traded at a price-to-earnings multiple of 84.15 and a price-to-book ratio of 30.86.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding
Promoters held 46.12 per cent stake in the company as of 30-Jun-2023, while foreign investors and domestic institutional investors ownership stood at 21.99 per cent and 21.17 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 1241.93 crore for the quarter ended 30-Jun-2023, up 27.22 per cent from the previous quarter's Rs 976.21 crore and up 7.63 per cent from the year-ago quarter's Rs 1344.56 crore.

Its profit for the latest quarter stood at Rs 158.36 crore, down 23.51 per cent from the same quarter a year ago.