Page Industries shares jumped over 8 per cent intraday on Thursday after company’s net profit jumped 8.49 per cent to Rs 67.94 crore for first quarter ended June 30, 2016 as against Rs 62.63 crore for the same quarter in the previous year. The company’s total income rose by 27.21 per cent at Rs 578.33 crore for quarter under review as against Rs 454.63 crore for the quarter under review. Operating profit of the company jumped by 8.61 per cent to Rs 115.11 crore as compared to Rs 105.98 crore in the same quarter last fiscal.
At 2.22 pm, share price of the company was trading 1.90 per cent up at Rs 14263.45. The scrip opened at Rs 13881 and touched a high and low of Rs 15200 and Rs 15200, respectively, in trade so far. Sensex was trading 37.86 points down at 27,737.02.
The BSE group ‘A’ stock of face value Rs 10 has touched a 52-week-high of Rs 15200 on Aug 2, 2016 and a 52-week-low of Rs 9770.25 on Feb 29, 2016.
The promoters holding in the company stood at 49.01 per cent, while Institutions and Non-Institutions held 42.06 per cent and 8.94 per cent respectively.
So far, around 5,194 shares of Page Industries exchanged hands on the BSE as compared with two-week average daily volume of 1315 shares.
The Bangalore based company is engaged in the business of manufacturing garments and is the exclusive licensee of Jockey International Inc (USA) for manufacture and distribution of the Jockey brand innerwear/ leisurewear for men and women in India, Sri Lanka, Bangladesh, and Nepal.