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Multibagger Jockey Franchisee's Q1 Profit Grew Multi-fold, Stock Up 177% In 5 Yrs, At 52-Week High
The share price of Page Industries reached a fresh 52-week high level today, on NSE. It is a popular multibagger textile stock that has a strong presence in both international and domestic businesses. Check details here to invest.
Page Industries - NSE performance
The current market price of Page Industries stood at Rs. 49,866.75/share on NSE, down by 0.35%, till last traded on August 19. In the last 5 days, the share price of this company has surged by 1.89% on NSE, and in the last 1 month, its share price has surged by 13.36%. In the past 6 months it has gained 21.57%, and in the last 1 year its share price has gained by 60.26%. Its share price has been up by 177.20% in the last 5 years.
The 52-week high level of this stock is Rs. 50,624.15, and the 52-week low level of this stock is Rs. 30,200.
| Market capitalization | Current market price | 5 Years performance | 1 Year performance |
|---|---|---|---|
| Rs. 55,805 crore | Rs. 49,866 | 177.20% | 60.26% |
Financial results
Page Industries Ltd.'s net profit stood at Rs. 207.03 crore in Q1FY23, with a multi-fold growth. Its revenue from operations in Q1 stood at Rs. 1,341.26 crore, up over 2-fold compared to a lower base. Additionally, its total expenses also doubled to Rs. 1,070 crore as against Rs. 490.57 crore earlier. The company's Managing Director V S Ganesh told the media, "Riding on the back of strong sales performance and robust financial planning, despite external challenges, we have successfully delivered yet another milestone performance this quarter. Our strategy of introducing kid's wear across exclusive womenswear stores has shown good results and we are confident of making inroads into this nascent and fast-growing segment."
About the stock
Page Industries is a fully integrated manufacturing, marketing, distribution and retail company. Jockey is Page's top brand. Jockey International, Inc. is active in more than 140 countries, marketing underwear, socks, thermals, sleepwear, active-wear, sportswear, lounge wear, men's, women's and children's ranges. Additionally, world's leading swimwear brand, Speedo is helping Page's growth. More Olympic Gold Medals have been won in Speedo than any other brand, the company informs.
Disclaimer
Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article.
