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The return on equity (ROE) for the stock stood at 41.66 per cent. Traded volume on the counter stood at 01:47PM shares and turnover at Rs 2.53 crore around that time. The stock of Page Industries Ltd. quoted a 52-week high price of Rs 54262.3 and 52-week low prices of Rs 34968.6, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 0.87.
Promotor/FII Holding
Promoters held 0.0 per cent stake in the company as of 31-Mar-2023, while FIIs held 22.39 per cent and domestic institutional investors had 16.55 per cent.
Key Financials
The company reported consolidated sales of Rs 976.21 crore for the quarter ended 31-Mar-2023, down 20.3 per cent from previous quarter’s Rs 1224.9 crore and down 12.53 per cent from the year-ago quarter’s Rs 1116.04 crore. Net profit after tax for the latest quarter stood at Rs 78.35 crore, down 58.88 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
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