Page Industries shares up 0.66% as Nifty gains

Page Industries shares  up  0.66% as Nifty  gains

Shares of Ltd. rose 0.66 per cent to Rs 30035.85 in Thursday’s trade. It hit an intraday high of Rs 30106.85 and low of Rs 29700.15, respectively, during the day.

The stock quoted a 52-week high price of Rs 32372.0 and low of Rs 16300.45.

As of 01:33PM (IST), the counter saw total traded volume of 3,494 shares with a traded value of Rs 10.47 crore, according to NSE.

The stock had closed at Rs 29838.9 in the previous session.

The scrip has advanced 8.98 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -0.75 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 130.37 while price-to-book ratio stood at 23.03. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Branded Hosiery/Knitwear industry.

Promoter/FII Holding
Promoters held 0.0 per cent stake in the company as of 31-Dec-2020, while FII and MF ownership in the firm stood at 25.34 per cent and 12.29 per cent, respectively.

Key Financials
The company reported consolidated 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. Its net 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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