Page Industries inches up after strong Q3 outcome

Page Industries rose 0.83% to Rs 5,679.95 at 14:36 IST on BSE after net profit surged 36.2% to Rs 34.63 crore on 39.9% growth in net sales to Rs 302.51 crore in Q3 December 2013 over Q3 December 2012.

The Q3 result was announced after market hours on Wednesday, 12 February 2014.

Meanwhile, the S&P BSE Sensex was down 202.92 points or 0.99% at 20,245.57.

On BSE, so far 31,000 shares were traded in the counter as against average daily volume of 610 shares in the past one quarter.

The stock was volatile. The stock rose as much as 2.93% at the day's high of Rs 5,799 so far during the day. The stock rose 0.4% at the day's low of Rs 5,656.40 so far during the day. The stock had hit a record high of Rs 5,961.45 on 24 January 2014. The stock had hit a 52-week low of Rs 3,130.05 on 22 March 2013.

The stock had outperformed the market over the past one month till 12 February 2014, surging 2.59% compared with the Sensex's 1.49% fall. The scrip had also outperformed the market in past one quarter, jumping 14.91% as against Sensex's 0.82% rise.

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

Page Industries makes innerwear, leisurewear and sportswear for men and women. Page Industries is the exclusive licensee of Jockey International Inc. (USA) and Speedo International Limited (UK).

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