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This Multibagger Textile Stock Is On A Rise, Gets Buy Rating
Leading textile company Page Industries Ltd stock has been giving good returns to investors. The stock has given a return of 1.82% in 1 week, 8.29% return in 1 month, 34% return in 1 year, and an outstanding 161% return in the last 5 years.
Leading brokerage ICICI Direct has also announced its first quarter earning estimates for Page Industries (April to June 2022) and expects that Page Industries may report net profit at Rs. 189.9 crore up 1,636.4% year-on-year (down 0.4% quarter-on-quarter). According to ICICI Direct, net sales are likely to surge by 147.1 percent Y-o-Y (up 11.5 percent Q-o-Q) to Rs. 1,239.2 crore.
1. Page Industries Ltd Stock Outlook
The current market price of the stock is Rs 44,368 apiece. The stock's 52-week high and 52-week low is Rs 46737 apiece and 27,801 apiece, respectively. It is a company with strong financials. The PE of the stock is 92.24 and sector PE is lower at 40.01. The EPS of the stock is 481.03.
Currently, the stock is trading at a discount of 5% from its highs. The stock has received buy rating from brokerage Emkay Global for a target price of Rs 47,800 apiece with a potential return of 7.7% and the analyst has given a time period of 1 year for the stock to reach the target price.
2. Page Industries Ltd Dividend History
The company has a strong dividend history and has declared dividend regularly for the last 5 years. It has announced an equity dividend of 3700% or Rs 370 per share for the year ending March 2022. If the current share price is taken into consideration, the dividend yield is 0.83%.
About Page Industries
The company is located in Bangalore and is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution and marketing of the JOCKEY brand in India apart from other countries like Sri Lanka, Bangladesh, Nepal and the UAE. The company is also the exclusive licensee of Speedo International Ltd. for the manufacture, marketing and distribution of the Speedo brand in India. The market capitalization of the stock is Rs 49,488 crore.
Disclaimer
The stock has been picked from the brokerage reports ICICI Direct and Emkay Global. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decisions.
