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    Page Industries shares fall 0.32 per cent in Wednesday's trading session

    Synopsis

    The Relative Strength Index of the stock stood at 32.7 on Wednesday.

    macdGetty Images
    MACD is known for signaling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
    Shares of Page Industries Ltd. fell 0.32 per cent to Rs 42035.0 in Wednesday's trade as of 11:38AM (IST) even as the benchmark Nifty ruled at 18104.35, down 128.2 points.

    The scrip had closed at Rs 42169.9 in the previous session. The stock quoted a 52-week low of Rs 37806.6 and a high of Rs 54262.3. The company quoted a market-cap of Rs 46904.94 crore on the BSE.

    On BSE, 235 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 63.88 times its trailing 12-month EPS of Rs 658.3 per share and 44.25 times its book value. The return on equity (ROE) stood at Rs 49.28.

    Key Financials
    For the quarter ended 30-Sep-2022, Page Industries Ltd. reported consolidated sales of Rs 1257.69 crore, down 15.45 per cent from the same quarter a year ago. The company reported 1.02 per cent YoY growth in net profit at Rs 162.13 crore for the latest quarter.

    Technical indicators
    The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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.



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    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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