Share price of Page Industries jumps as Sensex drops 153.61 points

The share price of Page Industries Ltd. gained 1.06 per cent to Rs 40348.4 at 11:33AM (IST) in Monday's trade. The counter has hit a high of Rs 40459.8 and low of Rs 39552.55 so far during the session. The stock had closed at Rs 39925.3 in the previous session.

The counter has had a total traded volume of 157 shares so far with a value of Rs 0.63 crore on the NSE. It traded at a price-to-earnings multiple of 61.37 and a price-to-book ratio of 44.25.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 3.73 per cent during the past one year, while the 30-share index advanced 2.28 per cent during the same period.

Page Industries Ltd. belongs to the Branded Hosiery/Knitwear industry.

Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 31-Dec-2022, while foreign investors and domestic institutional investors ownership stood at 25.29 per cent and 15.19 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 1257.69 crore for the quarter ended 30-Sep-2022, down 6.46 per cent from the previous quarter's Rs 1344.56 crore and down 15.45 per cent from the year-ago quarter's Rs 1089.37 crore.

Profit for the latest quarter stood at Rs 162.13 crore, up 1.02 per cent from the same quarter a year ago.