Share price of Page Industries falls as Sensex drops 22.54 points

The share price of Page Industries Ltd. dropped 0.48 per cent to Rs 39250.0 at 01:44PM (IST) in Tuesday's trade. The stock has hit a high of Rs 39499.7 and low of Rs 39250.0 so far during the session. The stock had closed at Rs 39441.05 in the previous session.

The counter has had a total traded volume of 313 shares so far with a value of Rs 1.23 crore on the NSE. It traded at a price-to-earnings multiple of 83.94 and a price-to-book ratio of 30.86.

A higher P/E 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 22.81 per cent during the past one year, while the 30-share index advanced 11.0 per cent during the same period.

Page Industries Ltd. belongs to the Branded Hosiery/Knitwear industry.

Promotor/FII Holding
Promoters held 0.0 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 15.73 per cent, respectively.

Key Financials
The firm reported consolidated 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.

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