Page Industries shares down 0.86% as Nifty gains

NEW DELHI: Shares of . traded 0.86 per cent down in Tuesday’s trade at 01:25PM (IST). Around 117 shares changed hands on the counter.

The counter opened at Rs 43956.3 and touched an intraday high and low of Rs 44302.45 and Rs 43690.4, respectively, in the session so far. Shares of the company of Page Industries Ltd. quoted a 52-week high of Rs 46705.0 and a 52-week low of Rs 29965.5.

Total market cap of the Page Industries Ltd. stood at Rs 48731.72 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 1116.04 crore for the quarter ended 31-Mar-2022, down 6.76 per cent from previous quarter’s Rs 1196.94 crore and down 25.92 per cent from the year-ago quarter’s Rs 886.32 crore.

The net profit for latest quarter stood at Rs 190.52 crore, up 64.86 per cent from the same quarter a year ago.

Shareholding pattern

As of 30-Jun-2022, domestic institutional investors held 14.53 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 P/E multiple of 90.83 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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