Page Industries hits record high on robust Q2 results

Page Industries jumped 8.67% to Rs 10,020 at 14:25 IST on BSE after the company's 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 today, 10 November 2014.

Meanwhile, the S&P BSE Sensex was up 33.89 points or 0.12% at 27,902.32.

On BSE, so far 9,001 shares were traded in the counter as against average daily volume of 1,636 shares in the past one quarter.

The stock hit a high of Rs 10,380, also a record high for the stock. The stock hit a low of Rs 9,325 so far during the day. The stock had 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 7 November 2014, advancing 15.92% compared with the Sensex's 6.08% rise. The scrip had also outperformed the market in past one quarter, gaining 16.71% as against Sensex's 8.91% rise.

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

Page Industries said that the board of directors of the company at its meeting held on 10 November 2014, has declared payment of second interim dividend of Rs 18 per share for the year ending 31 March 2015 (FY 2015). The date fixed for payment of dividend is on or before 30 November 2014.

Page Industries located in Bangalore, India are 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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