Page Industries share price: Page Industries shares rose 2.13 percent in Wednesday’s trading session

The shares of Ltd. rose 2.13 percent to 30,834.75 rupees in trading on Wednesday at 10:41 a.m. (IST), despite the benchmark Nifty reigning at 14,758.10, an increase of 105.05 points.

The script closed at Rs 30191.65 in the previous session. The stock traded a 52-week low of Rs 16,854.2 and a high of Rs 32,372.0. The company traded a market cap of Rs 34,513.88 on the BSE.

At BSE, 283 shares have changed hands at the counter so far. At its prevailing price, the stock traded at 134.8 times its trailing 12-month EPS of Rs 229.56 per share and 23.03 times its book value. The return on equity (ROE) was Rs 41.86.

Important financial data

For the quarter ended December 31, 2020, Page Industries Ltd. Consolidated sales of Rs 931.21 billion, up 16.8 percent over the same quarter last year. The company posted net income growth of 76.63 percent year over year to Rs 153.7 billion for the most recent quarter.

Technical indicators

The stock’s relative strength index (RSI) was up on Wednesday. The RSI hovers between zero and 100. Traditionally, it is considered overbought when the RSI is above 70 and oversold when it is below 30.

Analysts say that the RSI indicator should not be viewed in isolation as it may not be enough to take a trade call, just as a fundamental analyst cannot make a buy or sell recommendation with a single valuation ratio.