Page Industries hits new high; stock up 20% in six days post Q2 earnings

The stock hit new high of Rs 24,678, up 8% on the BSE in early morning deal, gaining 20% or Rs 4,098 in past six trading sessions.

Page Industries hits new high of Rs 24,678, up 8% on the BSE in early morning deal, gaining 20% or Rs 4,098 in the past six trading sessions after the company reported financial results for the quarter ended September 2017 (Q2FY18). The stock hit a record high of Rs 24,691 on the National Stock Exchange (NSE) in intra-day trade.

The company engaged in the business of manufacturing, distribution and marketing of garments posted 22% year on year (y-o-y) growth in net profit at Rs 84 crore in Q2FY18. It had reported profit of Rs 69 crore in the same