Page Industries shares gain 1.44% as Sensex rises


Shares of Ltd. traded 1.44 per cent up at Rs 32914.95 at 02:21PM (IST) on Thursday, even as BSE benchmark Sensex gained 503.07 points to 52701.58.

The scrip had closed at Rs 32448.7 in the previous session. The stock quoted a 52-week high price of Rs 33480.0 and 52-week low of Rs 17700.0, respectively. As per BSE data, total traded volume on the counter till 02:21PM (IST) stood at 886 shares with a turnover of Rs 2.89 crore.

At the current price, shares of the company traded at 107.79 times its trailing 12-month earnings per share of Rs 305.35 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.

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 0.0 per cent stake in the company as of 30-Jun-2021, while FIIs owned 23.62 per cent and DIIs 13.25 per cent.


On the technical charts, the relative strength index (RSI) of the stock stood at 66.78. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and 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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