Page Industries shares gain 0.73% as Sensex falls

Page Industries shares gain 0.73% as Sensex falls

Page Industries shares gain 0.73% as Sensex falls

Page Industries is an Indian manufacturer and retailer of innerwear, loungewear, and socks. It is the exclusive licensee of Jockey International in India. Shares of Page Industries Ltd. traded 0.73 percent up at Rs. 29,870.0 at 11:59AM (IST) on Monday. Even benchmark Sensex dropped 320.17 points to 48,462.19.

The stock had settled at Rs. 29,654.2 in the previous session. The stock quoted a 52-week high price of Rs. 32,372.0 and a 52-week low of Rs. 16,854.2, respectively. As per BSE data, total traded volume on the counter till 11:59 AM (IST) at 262 shares with a turnover of Rs. 0.78 crore.

Moreover, at the current price, the stock traded at 129.18 times it’s trailing 12-months EPS of Rs. 229.56 per share. And 23.03 times its price-to-book value, exchange 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.

While 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 a 0.0 percent stake in the company as of 31-Mar-2021. While FIIs owned 25.89 percent and DIIs 12.07 percent.


On the technical charts, the relative strength index (RSI) of the stock stood at 51.67. The RSI oscillates between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is above 70 and an 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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