Page Industries shares up 0.44% as Sensex rises

Shares of Page Industries Ltd. gained 0.44 per cent to Rs 43412.6 in Friday's session as of 11:12AM (IST) even as the equity benchmark Sensex traded 160.73 points higher at 61294.61.

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 54262.3 and a 52-week low of Rs 37806.6 on NSE. Around 66 shares changed hands on the counter till 11:12AM (IST).

The stock opened at Rs 43387.5 and has touched an intraday high and low of Rs 43786.0 and Rs 43340.6 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 65.95, earnings per share (EPS) of Rs 658.3 and price to book value (PB) of 44.25, while the return on equity (ROE) stood at Rs 49.28.

Promoter/ FII Holding
The promoters held 46.12 per cent stake in the company as of December 30, while FII and MF ownerships stood at 25.18 per cent and 15.19 per cent, respectively.

Key Financials
With a market capitalisation of Rs 48421.87 crore, the company operates in the Branded Hosiery/Knitwear industry. For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 1257.69 crore, down 6.46 per cent from the previous quarter?s Rs 1344.56 crore and down 15.45 per cent from the same quarter a year ago. The company reported net profit of Rs 162.13 crore for the latest quarter, up 1.02 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 38.3. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.