PAGE INDUSTRIES Plunges by 8%; BSE 500 Index Down 4.4%
March 13, 2020 10:38 AM

PAGE INDUSTRIES share price has plunged 8% and is presently trading at Rs 19,000.

Meanwhile, the BSE 500 Index is at 11,981 (down 4.4%).

Among the top losers in the BSE 500 Index today are PAGE INDUSTRIES (down 7.9%) and SHREE CEMENT (down 5.6%).

SHIPPING CORP. (up 1.8%) and JK LAKSHMI CEMENT (up 1.8%) are among the top gainers today.

Over the last one year, PAGE INDUSTRIES has moved down from Rs 24,144 to Rs 19,000, registering a loss of Rs 5,144 (down 21.3%)..

The BSE 500 has moved down from 14,949 to 11,981, loss of 2,968 points (down 19.9%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 201.9%), NAVIN FLUORINE (up 93.2%) and ABBOTT INDIA (up 84.3%).

What About the Benchmark Indices?

The BSE Sensex is at 31,701 (down 3.6%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 1.4%), ICICI BANK (up 0.2%) and HDFC BANK . The most traded stocks in the BSE Sensex are HDFC BANK and ICICI BANK.

In the meantime, NSE Nifty is at 9,444 (down 1.5%). SUN PHARMA (up 3.8%) and HDFC BANK (up 2.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,536 to 31,701, registering a loss of 5,835 points (down 15.78%).

PAGE INDUSTRIES Financial Update...

PAGE INDUSTRIES net profit down at Rs 870 million for the quarter ended December 2019, compared to a loss of Rs 1 billion a year ago. Net Sales rose 7.5% to Rs 7.9 billion during the period as against Rs 7.4 billion in October-December 2018.

For the year ended March 2019, PAGE INDUSTRIES reported 13.5% increase in net profit to Rs 3.9 billion compared to net profit of Rs 3.5 billion during FY18.

Revenue of the company grew 11.8% to Rs 29 billion during FY19.

The current Price to earnings ratio of PAGE INDUSTRIES, based on rolling 12 month earnings, stands at 51.5x.