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Share price of Page Industries falls as Sensex gains 249.23 points

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Share price of Page Industries  falls  as Sensex  gains  249.23 points

The share price of Ltd. dropped 0.2 per cent to Rs 29590.8 at 12:56PM (IST) in Thursday’s trade. The scrip has hit a high of Rs 29764.15 and low of Rs 29476.35 so far during the session. The stock had closed at Rs 29651.2 in the previous session.

The counter has had a total traded volume of 141 shares so far with a value of Rs 0.42 crore on the NSE. It traded at a price-to-earnings multiple of 129.0 and a price-to-book ratio of 23.03.

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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 73.22 per cent during the past one year, while the 30-share index advanced 45.11 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 31-Mar-2021, while foreign investors and domestic institutional investors ownership stood at 25.89 per cent and 12.07 per cent, respectively.

Key Financials

The company reported consolidated net sales of Rs 931.21 crore for the quarter ended 31-Dec-2020, up 25.16 per cent from the previous quarter’s Rs 744.02 crore and up 16.8 per cent from the year-ago quarter’s Rs 797.28 crore.

Profit for the latest quarter stood at Rs 153.7 crore, up 76.63 per cent from the same quarter a year ago.

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