Page Industries shares drop 1.0% as Sensex rises

Shares of Page Industries Ltd. traded 1.0 per cent down at Rs 40230.6 at 01:22PM (IST) on Friday, even as BSE benchmark Sensex gained 328.12 points to 60286.15. The stock had closed at Rs 40638.75 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 54262.3 and Rs 37806.6, respectively.

As per BSE data, total traded volume on the counter till 01:22PM (IST) stood at 01:22PM shares with turnover at Rs 0.47 crore.

At the prevailing price, shares of the company trades at 61.11 times its trailing 12-month EPS of Rs 658.3 per share and 44.25 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.87.

Shareholding Details
Promoters held 46.12 per cent stake in the company as of 30-Sep-2022, while FIIs owned 25.18 per cent and DIIs 18.84 per cent.