Page Industries share price: Page Industries shares rise 2.13 per cent in Wednesday’s trading session

Shares of Ltd. rose 2.13 per cent to Rs 30834.75 in Wednesday’s trade as of 10:41AM (IST) even as the benchmark Nifty ruled at 14758.10, up 105.05 points.

The scrip had closed at Rs 30191.65 in the previous session. The stock quoted a 52-week low of Rs 16854.2 and a high of Rs 32372.0. The company quoted a market-cap of Rs 34513.88 crore on the BSE.

On BSE, 283 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 134.8 times its trailing 12-month EPS of Rs 229.56 per share and 23.03 times its book value. The return on equity (ROE) stood at Rs 41.86.

Key Financials

For the quarter ended 31-Dec-2020, Page Industries Ltd. reported consolidated sales of Rs 931.21 crore, up 16.8 per cent from the same quarter a year ago. The company reported 76.63 per cent YoY growth in net profit at Rs 153.7 crore for the latest quarter.

Technical indicators

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

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