Shares of Page Industries fall as Nifty gains
On the technical charts, the 200-day moving average of the stock stood at Rs 37164.43.
Shares of slipped 0.96 per cent to Rs 38565.65 in Wednesday's trade as of 12:58PM (IST). It hit a high of Rs 39263.0 and low of Rs 38565.65 during the session.The stock quoted a 52-week high price of Rs 42850.0 and a low of Rs 33100.0. The return on equity for the stock stood at 35.64 per cent. About 259 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.87.
The scrip has been an underperformer, up 0.61 per cent in the past one year in comparison with a 22.73 per cent gain in .
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 33100.0 on June 12, while the 50-DMA was at Rs 35855.77. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding
Promoters held 0.0 per cent stake in as of 31-Mar-2024. Mutual funds and foreign institutional investors held 19.27 per cent and 20.86 per cent stake.
Source: Stocks-Markets-Economic Times
