Page Industries rose 3.56% to Rs 19,877.90 at 15:18 IST on BSE, with the stock reversing its recent declining trend on bargain hunting.
Meanwhile, the S&P BSE Sensex was down 583.93 points, or 1.68% at 34,173.23.
On the BSE, 6,119 shares were traded on the counter so far as against the average daily volumes of 2,716 shares in the past one quarter. The stock hit a high of Rs 20,000 and a low of Rs 17,280 so far during the day. The stock had hit a record high of Rs 25,779 on 19 December 2017. The stock had hit a 52-week low of Rs 13,650.10 on 18 April 2017.
The stock had underperformed the market over the past one month till 5 February 2018, falling 21.6% compared with the Sensex's 1.77% decline. The stock had also underperformed the market over the past one quarter, declining 6.78% as against the Sensex's 4.15% rise. The scrip, however, outperformed the market over the past one year, gaining 32.91% as against the Sensex's 22.22% rise.
The large-cap company has equity capital of Rs 11.15 crore. Face value per share is Rs 10.
Shares of Page Industries had declined 13.23% in the preceding seven trading sessions to settle at Rs 19,194.80 yesterday, 5 February 2018, from its closing of Rs 22,122.35 on 24 January 2018.
Page Industries' net profit rose 22.41% to Rs 84.06 crore on 17.09% increase in net sales to Rs 625.71 crore in Q2 September 2017 over Q2 September 2016.
Page Industries is the exclusive licensee 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.
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