Page Industries shares up 0.22% as Nifty gains
Page Industries Ltd. traded 0.22 per cent up in Thursday's trade at 11:36AM (IST). Around 477 shares changed hands on the counter.
The counter opened at Rs 37150.0 and touched an intraday high and low of Rs 37293.6 and Rs 36750.6, respectively, in the session so far. The stock of Page Industries Ltd. quoted a 52-week high of Rs 45222.6 and a 52-week low of Rs 34968.6.
As per BSE, the total market cap of the Page Industries Ltd. stood at Rs 41442.67 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 1126.8 crore for the quarter ended 30-Sep-2023, down 9.27 per cent from previous quarter's Rs 1241.93 crore and down 10.41 per cent from the year-ago quarter's Rs 1257.69 crore.
The net profit for latest quarter stood at Rs 150.28 crore, down 7.31 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Sep-2023, DIIs held 17.4 per cent stake in the company, while foreign institutional investors held 21.97 per cent and the promoters 0.0 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 81.14 and a price-to-book ratio of 30.86.
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.
