Page Ind hits record high on strong growth outlook; stock up 17% in July

The company aims at capacity expansion and increased infrastructure and facilities to meet growth in demand.

Shares of Page Industries hit a record high of Rs 47,001, after they gained nearly 2 per cent on the BSE in Wednesday’s intra-day trade. The stock of garments and apparels maker rallied 17 per cent so far in the month of July, on hopes of strong growth outlook. In comparison, the S&P BSE Sensex was up 4.7 per cent during the same period. The stock surpassed its previous high of Rs 46,705 that it had touched on April 26, 2022.

The growth in organized retail provided a larger opportunity for branded play like Page Industries. The company is