Page Industries shares up 1.33% as Nifty gains

NEW DELHI: Shares of Page Industries Ltd. traded 1.33 per cent up in Monday's trade at 10:57AM (IST). Around 57 shares changed hands on the counter.

The counter opened at Rs 40400.0 and touched an intraday high and low of Rs 40700.0 and Rs 40390.05, respectively, in the session so far. The stock of Page Industries Ltd. quoted a 52-week high of Rs 54262.3 and a 52-week low of Rs 37806.6.

Total market cap of the Page Industries Ltd. stood at Rs 45281.33 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 1257.69 crore for the quarter ended 30-Sep-2022, down 6.46 per cent from previous quarter's Rs 1344.56 crore and down 15.45 per cent from the year-ago quarter's Rs 1089.37 crore.

The net profit for latest quarter stood at Rs 162.13 crore, up 1.02 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2022, domestic institutional investors held 29.92 per cent stake in the firm, while foreign institutional investors held 49.32 per cent and the promoters 92.24 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 61.67 and a price-to-book ratio of 44.25. 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.