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    Page Industries shares up 1.21% as Nifty gains

    Synopsis

    A total of 95 shares changed hands on the counter till 10:20AM (IST).

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    RSI has turned north from the 60 level, confirming bullishness.
    NEW DELHI: Shares of Page Industries Ltd. traded 1.21 per cent up in Wednesday's trade at 10:20AM (IST). Around 95 shares changed hands on the counter.

    The counter opened at Rs 37866.7 and touched an intraday high and low of Rs 38199.7 and Rs 37864.4, respectively, in the session so far. Shares of the company of Page Industries Ltd. quoted a 52-week high of Rs 47850.0 and a 52-week low of Rs 34968.6.

    Total market cap of the Page Industries Ltd. stood at Rs 42529.72 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 1126.8 crore for the quarter ended 30-Sep-2023, down 9.27 per cent from previous quarter's Rs 1241.93 crore and down 10.41 per cent from the year-ago quarter's Rs 1257.69 crore.

    The net profit for latest quarter stood at Rs 150.28 crore, down 7.31 per cent from the same quarter a year ago.

    Shareholding pattern
    As of 30-Sep-2023, DIIs held 17.4 per cent stake in the firm, while foreign institutional investors held 21.98 per cent and the promoters 45.11 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 83.27 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.
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    Wednesday, 22 Nov, 2023

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