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Page Industries corrects on profit booking

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Capital Market

Page Industries fell 1.22% to Rs 9,637.65 at 14:38 IST on BSE on profit booking after the stock rose 10.92% in the preceding five trading sessions to Rs 9756.35 on 10 November 2014, from a recent low of Rs 8795.90 on 30 October 2014.

Meanwhile, the BSE Sensex was almost flat at 27,875.30.

On BSE, so far 1,277 shares were traded in the counter, compared with an average volume of 1,869 shares in the past one quarter.

The stock hit a high of Rs 9,949 and a low of Rs 9,540 so far during the day. The stock hit a record high of Rs 10,380 on 10 November 2014. The stock hit a 52-week low of Rs 4,599 on 18 November 2013.

 

The stock had outperformed the market over the past one month till 10 November 2014, rising 8.67% compared with 6% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 25.80% as against Sensex's 10.05% rise.

The large-cap company has an equity capital of Rs 11.15 crore. Face value per share is Rs 10.

Page Industries' net profit rose 21.92% to Rs 49.90 crore on 38.23% rise in total income to Rs 403.20 crore in Q2 September 2014 over Q2 September 2013.

The Q2 result was announced during market hours on Monday, 10 November 2014. Shares of Page Industries jumped 5.81% to Rs 9,756.35 on that day.

Page Industries is the exclusive licensees of JOCKEY International Inc. (USA) for manufacture and distribution of the JOCKEY brand innerwear/leisurewear for men and women in India, Sri Lanka, Bangladesh, Nepal and UAE. Page Industries is also the exclusive licensee of Speedo International for the manufacture, marketing and distribution of the Speedo brand in India. The company was set up in 1994 with the key objective of bringing the world renowned brand "JOCKEY" to India

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First Published: Nov 11 2014 | 2:38 PM IST

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