Page Industries shares down 0.24% as Nifty gains

Page Industries shares down 0.24% as Nifty gains

news image

NEW DELHI: Shares of

Ltd. traded 0.24 per cent down in Monday’s trade at 11:57AM (IST). Around 110 shares changed hands on the counter.

The counter opened at Rs 39450.0 and touched an intraday high and low of Rs 39450.0 and Rs 38752.7, respectively, in the session so far. The stock of Page Industries Ltd. quoted a 52-week high of Rs 41750.0 and a 52-week low of Rs 26871.4.

Total market cap of the Page Industries Ltd. stood at Rs 43654.2 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 1089.37 crore for the quarter ended 30-Sep-2021, up 115.68 per cent from previous quarter’s Rs 505.09 crore and up 46.42 per cent from the year-ago quarter’s Rs 744.02 crore.

The net profit for latest quarter stood at Rs 160.49 crore, up 44.76 per cent from the corresponding quarter last year.

Shareholding pattern

As of 30-Sep-2021, domestic institutional investors held 13.18 per cent stake in the company, while foreign institutional investors held 23.73 per cent and the promoters 47.91 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 99.06 and a price-to-book ratio of 38.24. 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.

(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.

NEW DELHI: Shares of Ltd. traded 0.24 per cent down in Monday’s trade at 11:57AM (IST). Around 110 shares changed hands on the counter. The counter opened at Rs 39450.0 and touched an intraday high and low of Rs 39450.0 and Rs 38752.7, respectively, in the session so far. The stock of Page Industries Ltd. quoted a 52-week high of Rs 41750.0 and a 52-week low of Rs 26871.4. Total market cap of the Page Industries Ltd. stood at Rs 43654.2 crore at the time of writing this report. Key Financials The company reported consolidated sales of Rs 1089.37 crore for the quarter ended 30-Sep-2021, up 115.68 per cent from previous quarter’s Rs 505.09 crore and up 46.42 per cent from the year-ago quarter’s Rs 744.02 crore. The net profit for latest quarter stood at Rs 160.49 crore, up 44.76 per cent from the corresponding quarter last year. Shareholding pattern As of 30-Sep-2021, domestic institutional investors held 13.18 per cent stake in the company, while foreign institutional investors held 23.73 per cent and the promoters 47.91 per cent. Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 99.06 and a price-to-book ratio of 38.24. 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. (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.

Leave a Reply

Your email address will not be published. Required fields are marked *