Page Industries Share Price: Page Industries shares gain 1.21% as Sensex rises

Shares of Ltd. traded 1.21 per cent higher in Thursday’s session at 10:41AM (IST). The stock opened at Rs 32640.15 and has touched an intraday high and low of Rs 33145.65 and Rs 32640.15, respectively, during the session so far.

The stock quoted a 52-week high of Rs 33980.0 and a 52-week low of 17700.0. About 261 shares changed hands on the counter so far.

Benchmark Nifty50 was up 29.75 points at 17549.20, while the BSE Sensex traded 158.96 points higher at 58882.16 at the time of writing of this report.



In the Nifty pack, 22 stocks traded the day in the green, while 28 were in the red.

Key Financials

For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 505.09 crore, down 43.01 per cent from the previous quarter’s Rs 886.32 crore and down 73.66 per cent from the year-ago quarter. The company reported net profit of Rs 10.95 crore for the latest quarter.


Promoter Holdings

Promoters held 95.82 per cent stake in the company as of 30-Jun-2021, while FIIs held 47.24 per cent and MFs 26.5 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 29578.35 on September 16, while the 50-DMA was at Rs 32005.17. If a stock trades 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 as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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