Page Industries shares gain 0.63% as Sensex rises
Page Industries Ltd. traded 0.63 per cent up at Rs 39133.7 at 10:35AM (IST) on Monday, even as BSE benchmark Sensex gained 215.64 points to 65936.89. The scrip had closed at Rs 38891.55 in the previous session.
The stock quoted a 52-week high price of Rs 54262.3 and 52-week low of Rs 34968.6, respectively. As per BSE data, total traded volume on the counter till 10:35AM (IST) stood at 54 shares with a turnover of Rs 2110.0 crore. At the current price, shares of the company traded at 75.8 times its trailing 12-month earnings per share of Rs 512.15 per share and 30.86 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 reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.87.Shareholding Details Promoters held 0.0 per cent stake in the company as of 30-Jun-2023, while FIIs owned 21.99 per cent and DIIs 15.73 per cent.Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 64.43.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts cannot give a'buy' or'sell' recommendation using a single valuation ratio.
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