Page Industries hits 52-week low after poor Q1 result

Page Industries was down 3.69% to Rs 17,795.8 at 9:20 IST on the BSE after net profit fell 11.07% to Rs 110.67 crore on 2.19% rise in total income to Rs 840.46 crore in Q1 June 2019 over Q1 June 2018.

The result was announced after market hours yesterday, 8 August 2019.

Meanwhile, the S&P BSE Sensex was up by 209.26 points or 0.56% at 37,536.69.

On the BSE, 584 shares were traded in the counter so far compared with average daily volumes of 1,601 shares in the past two weeks. The stock hit an intraday low of Rs 17,438.45, which is also a 52-week low for the counter. The scrip hit an intraday high of Rs 17,919.75. It had hit a 52-week high of Rs 36,335.95 on 28 Aug 2018.

Page Industries' board of directors declared a dividend of Rs 51 per equity share for the current financial year 2019-20. The record date for the dividend is 20 August 2019.

Page Industries is engaged in the manufacturing, distribution and marketing of Innerwear, Athleisure, Sleepwear and Swimwear for men, women and kids. The company is the exclusive licensee of Jockey International Inc. (USA) for manufacture, distribution and marketing of the JOCKEY brand in India, Sri Lanka, Bangladesh, Nepal, UAE, Oman and Qatar. Page Industries is also the exclusive licensee of Speedo International Ltd. for the manufacture, marketing and distribution of the Speedo brand in India.

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