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    Share price of Page Industries falls as Sensex gains 84.31 points

    Synopsis

    Promoters held 0.0 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 25.29 per cent and 15.19 per cent, respectively.

    Stock-market-4---istockAgencies
    Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
    The share price of Page Industries Ltd. dropped 3.6 per cent to Rs 45085.0 at 01:51PM (IST) in Wednesday's trade. The counter has hit a high of Rs 46929.6 and low of Rs 45000.9 so far during the session. The stock had closed at Rs 46769.35 in the previous session.

    The counter has had a total traded volume of 232 shares so far with a value of Rs 1.06 crore on the NSE. It traded at a price-to-earnings multiple of 68.4 and a price-to-book ratio of 44.25.

    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 12.09 per cent during the past one year, while the 30-share index advanced 10.35 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 30-Sep-2022, while foreign investors and domestic institutional investors ownership stood at 25.29 per cent and 15.19 per cent, respectively.

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

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



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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