Share price of Page Industries rises as Nifty weakens

Concor shares  down  1.21% as Nifty  drops

Shares of . gained 0.73 per cent to Rs 50145.55 in Tuesday’s trade as of 10:35AM (IST). The stock hit a high price of Rs 50644.0 and low of Rs 49779.85 during the session.

The return on equity (ROE) for the stock stood at 49.28 per cent. Traded volume on the counter stood at 10:35AM shares and turnover at Rs 0.93 crore around that time. The stock of Page Industries Ltd. quoted a 52-week high price of Rs 51500.0 and 52-week low prices of Rs 31500.0, respectively.

The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 0.87.

Promotor/FII Holding

Promoters held 0.0 per cent stake in the company as of 30-Jun-2022, while foreign investors held 25.18 per cent and domestic institutional investors had 14.53 per cent.

Key Financials

The company reported consolidated sales of Rs 1344.56 crore for the quarter ended 30-Jun-2022, up 20.48 per cent from previous quarter’s Rs 1116.04 crore and up 166.2 per cent from the year-ago quarter’s Rs 505.09 crore. Net profit after tax for the latest quarter stood at Rs 207.04 crore, up 1790.95 per cent from the same quarter a year ago.

The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.

It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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