The return on equity (ROE) for the stock stood at 38.48 per cent. Traded volume on the counter stood at 11:21AM shares and turnover at Rs 0.49 crore around that time. The stock of Page Industries Ltd. quoted a 52-week high price of Rs 46705.0 and 52-week low prices of Rs 27800.0, 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 31-Mar-2022, while FIIs held 25.21 per cent and domestic institutional investors had 12.94 per cent.

Key Financials

The company reported consolidated sales of Rs 1196.94 crore for the quarter ended 31-Dec-2021, up 9.87 per cent from previous quarter’s Rs 1089.37 crore and up 28.54 per cent from the year-ago quarter’s Rs 931.21 crore. Net profit after tax for the latest quarter stood at Rs 174.57 crore, up 13.58 per cent from the same quarter a year ago.

Technicals
The MACD signalled a bearish 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. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.