Page Industries shares down 1.13% as Sensex falls

The stock opened at Rs 34274.95 and has touched an intraday high and low of Rs 34395.0 and Rs 34066.8 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 73.23, earnings per share (EPS) of Rs 483.55 and price to book value (PB) of 30.86, while the return on equity (ROE) stood at Rs 41.66.

Promoter/ FII Holding
The promoters held 45.11 per cent stake in the company as of May 13, while FII and MF ownerships stood at 20.86 per cent and 19.27 per cent, respectively.

Key Financials
With a market capitalisation of Rs 38533.73 crore, the company operates in the Branded Hosiery/Knitwear industry. For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 1234.31 crore, up 9.54 per cent from the previous quarter?s Rs 1126.8 crore and up 0.77 per cent from the same quarter a year ago. The company reported net profit of Rs 152.35 crore for the latest quarter, up 23.13 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 40.89. 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. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.