Page Industries shares down 1.37% as Nifty drops

NEW DELHI: Shares of Page Industries Ltd. traded 1.37 per cent down in Monday's trade at 12:43PM (IST). Around 828 shares changed hands on the counter.

The stock opened at Rs 36500.0 and touched an intraday high and low of Rs 36500.0 and Rs 35809.0, respectively, in the session so far. Shares of the company of Page Industries Ltd. quoted a 52-week high of Rs 43599.0 and a 52-week low of Rs 34968.6.

Total market cap of the Page Industries Ltd. stood at Rs 39986.64 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 1234.31 crore for the quarter ended 31-Dec-2023, up 9.54 per cent from previous quarter's Rs 1126.8 crore and up 0.77 per cent from the year-ago quarter's Rs 1224.9 crore.

The net profit for latest quarter stood at Rs 152.35 crore, up 23.13 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 17.92 per cent stake in the firm, while foreign institutional investors held 21.78 per cent and the promoters 45.11 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 74.14 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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