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    Page Industries shares down 1.79% as Nifty drops

    Synopsis

    A total of 144 shares changed hands on the counter till 12:19PM (IST).

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    NEW DELHI: Shares of Page Industries Ltd. traded 1.79 per cent down in Thursday's trade at 12:19PM (IST). Around 144 shares changed hands on the counter.

    The counter opened at Rs 44599.25 and touched an intraday high and low of Rs 44599.25 and Rs 43766.0, respectively, in the session so far. Shares of the company 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 48909.79 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 30-Sep-2022, domestic institutional investors held 15.19 per cent stake in the firm, while foreign institutional investors held 25.18 per cent and the promoters 46.12 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 66.61 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.



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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
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