Shares of Page Industries touch 52-week high on bourses

Shares of Page Industries today rose for the fifth consecutive session and rose 3 per cent to its 52-week high of Rs 35,049.90 on bourses.

On August 13, MSCI, a leading provider of benchmark indices globally, had said that Page Industries has been added in the MSCI India Domestic Index.

The changes in constituents for the MSCI India Domestic Index will take place as of the close of August 31, 2018, MSCI had said.

The shares of the company today opened on a bullish note at Rs 34,144, then gained further ground and touched its 52-week high of Rs 35,049.90, up 2.95 per cent over its previous closing price.

Similar movement was seen on NSE as well, where the stock opened at Rs 34,130, then touched its 52-week high of Rs 35,080, up 3.14 per cent over its last close.

Since August 10, the share has surged 11.48 per cent and since the start of this year the stock has jumped as much as 37.65 per cent.

Bengaluru-based Page Industries is the exclusive licensee of Jockey International Inc (USA) for manufacture, distribution and marketing of the Jockey brand in India, Sri Lanka, Bangladesh, Nepal and the UAE.

Page Industries is also the exclusive licensee of Speedo International Ltd. for the manufacture, marketing and distribution of the Speedo brand in India, according to company website.