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Page Industries shares fall 0.77 per cent in Wednesday’s trading session

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Shares of . fell 0.77 per cent to Rs 49324.1 in Wednesday’s trade as of 12:43PM (IST) even as the benchmark Nifty ruled at 17932.7, up 107.45 points.

The scrip had closed at Rs 49705.35 in the previous session. The stock quoted a 52-week low of Rs 29965.5 and a high of Rs 50338.05. The company quoted a market-cap of Rs 54994.01 crore on the BSE.

On BSE, 171 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 75.07 times its trailing 12-month EPS of Rs 656.83 per share and 44.25 times its book value. The return on equity (ROE) stood at Rs 49.28.

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Key Financials

For the quarter ended 30-Jun-2022, Page Industries Ltd. reported consolidated sales of Rs 1344.56 crore, up 166.2 per cent from the same quarter a year ago. The company reported 1790.95 per cent YoY growth in net profit at Rs 207.04 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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