Shares of Page Industries rise as Nifty drops
On the technical charts, the 200-day moving average of the stock stood at Rs 37775.49.
Shares of gained 0.46 per cent to Rs 34608.0 in Tuesday's trade as of 01:18PM (IST). It hit a high of Rs 34699.0 and low of Rs 34100.25 during the session.The stock quoted a 52-week high price of Rs 43599.0 and a low of Rs 33100.0. The return on equity for the stock stood at 41.66 per cent. About 279 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, down 6.52 per cent in the past one year in comparison with a 24.74 per cent gain in .
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 33100.0 on March 26, while the 50-DMA was at Rs 36002.28. 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-Dec-2023. Mutual funds and foreign institutional investors held 17.92 per cent and 21.77 per cent stake.
Source: Stocks-Markets-Economic Times
