Stocks

Page Industries Share Price: Page Industries shares fall 0.98% as Nifty drops

Shares of . traded 0.98 per cent down at Rs 49648.05 on Wednesday at around 01:50PM (IST), while the benchmark BSE Sensex declined 11.66 points to 59019.64.

As many as 232 shares changed hands on the counter with a total value of Rs 1.14 crore.

The stock quoted a 52-week high price of Rs 50600.0 and a 52-week low of Rs 30295.6.

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On the technical charts, the 200-DMA of the stock stood at Rs 42543.57, while 50-DMA was at Rs 44778.62. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 58.96 per cent in the past one year, while Sensex has risen 8.49 per cent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 75.59 and a price-to-book ratio of 44.25. 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 reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Branded Hosiery/Knitwear industry.


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