Page Industries declines 0.77% as Sensex slides

Shares of Page Industries Ltd. traded at Rs 39817.1 on BSE at 12:45PM (IST) on Wednesday, down 0.77 per cent from previous close.

The scrip quoted a 52-week low price of Rs 37806.6 and a high of Rs 54262.3.

Earlier, shares of the company saw a gap down opening in the morning.

A total of 201 lakh shares changed hands on the counter till 12:45PM (IST).

The stock of Page Industries Ltd. commanded a market value of Rs 44314.34 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 60.35, while the price-to-book value ratio stood at 44.25. Return on equity (ROE) was at 49.28 per cent, according to exchange data.

In the BSE500 pack, 66 stocks traded in the green, while 435 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 0.87.

Promotor/FII Holding
Promoters held 0.0 per cent in Page Industries Ltd. as of 31-Dec-2022 while overseas and domestic institutional investors owned 25.29 per cent and 15.19 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 45849.89 on January 25, while the 50-DMA was at 43881.68. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.