Share price of Page Industries falls as Nifty weakens
Page Industries Ltd. slipped 0.24 per cent to Rs 41215.25 in Thursday's trade as of 12:59PM (IST). The stock hit a high price of Rs 41451.95 and low of Rs 40970.15 during the session.
The return on equity (ROE) for the stock stood at 41.66 per cent. Traded volume on the counter stood at 12:59PM shares and turnover at Rs 8866.0 crore around that time. The stock of Page Industries Ltd.
quoted a 52-week high price of Rs 54262.3 and 52-week low prices of Rs 34968.6, respectively. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.87.Promotor/FII Holding Promoters held 0.0 per cent stake in the company as of 30-Jun-2023, while FIIs held 21.99 per cent and domestic institutional investors had 15.73 per cent.Key Financials The company reported consolidated sales of Rs 1241.93 crore for the quarter ended 30-Jun-2023, up 27.22 per cent from previous quarter's Rs 976.21 crore and up 7.63 per cent from the year-ago quarter's Rs 1344.56 crore. Net profit after tax for the latest quarter stood at Rs 158.36 crore, down 23.51 per cent from the same quarter a year ago.Technicals The MACD signalled a bullish bias on the counter.
The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect «buy» or «sell» opportunities.
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