Page Industries shares up 0.76% as Nifty drops
Page Industries Ltd. traded 0.76 per cent up in Thursday's trade at 11:27AM (IST). Around 482 shares changed hands on the counter.
The scrip opened at Rs 36697.95 and touched an intraday high and low of Rs 36826.0 and Rs 36403.95, respectively, in the session so far. Shares of the company of Page Industries Ltd. quoted a 52-week high of Rs 54262.3 and a 52-week low of Rs 34968.6.
Total market cap of the Page Industries Ltd. stood at Rs 41038.5 crore at the time of writing this report.Key Financials The company reported consolidated sales of Rs 976.21 crore for the quarter ended 31-Mar-2023, down 20.3 per cent from previous quarter's Rs 1224.9 crore and down 12.53 per cent from the year-ago quarter's Rs 1116.04 crore. The net profit for latest quarter stood at Rs 78.35 crore, down 58.88 per cent from the same quarter a year ago.Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 15.73 per cent stake in the firm, while foreign institutional investors held 21.99 per cent and the promoters 46.12 per cent.Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 71.84 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.
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