Page Industries Ltd (NSE: PAGEIND) Share: The share of Page Industries Limited, a firm that manufactures innerwear has been on the news for a week.
Page Industries’ share price climbed 1.2 percent on Tuesday and reached an intraday peak that was Rs 47,945.05. Over the past five days, the share has gained 9 percent or around 3,600 percent.
A rise of 3 percent increase is recorded in one month and 35 percent within six months. In addition, brokerages are highly optimistic about the stock and have advised to purchase it.
A local brokerage has suggested the purchase of Page Industries with a target price of Rs 54,000. The price for its 52-week high is Rs 48,412.95.
The company’s IPO took place in February 2007 at a price of the price of Rs 395.
September Quarter Results
Page Industries Limited’s gross income increased by 30 percent to Rs 195.25 crore for the quarter that ended in the fiscal year 2024-25.
The net profit for the company for the third quarter (July-September) from the financial year 2023-24 was Rs 150.27 crore.
According to the data provided to Page Industries Limited (PIL) to the stock exchange on Thursday its operating earnings increased 11.06 percent to Rs 1,246.27 crore in the first quarter of its current year’s financial year, compared to Rs 1,122.11 crore during the same period one year earlier.
The total expenses on Page Industries grew 7.54 percent to Rs 998.34 crores during the quarter that followed.
Total income (which comprises other income as well as finance income) was up 11.9 percent to Rs 1,260.82 crores in this time.
Company’s Business
Page Industries has an “exclusive license” from Jockey International Inc., (USA) to manufacture, and distribute as well as market within India, Bangladesh, Sri Lanka, Nepal, Qatar, Oman, Bhutan, Maldives, and the United Arab Emirates (UAE).
The company also holds an exclusive license from Speedo International, an Australian-British firm that manufactures swimwear as well as accessories for swimming, specifically for customers in the Indian market.
Quick Fact
| Company name | Page Industries |
|---|---|
| Business Focus | Innerwear manufacturing |
| IPO Date | February 2007 |
| IPO Price | ₹395 |
| Intraday Peak | ₹47,945.05 |
| 5-Day Gain | 9% |
| 1-Month Gain | 3% |
| 6-Month Gain | 35% |
| Possible Target Price | ₹54,000 |
| Quarter Gross Income (Sept 2024) | ₹195.25 crore |
| Quarter Net Profit (July-Sept 2023) | ₹150.27 crore |
| Operating Earnings Growth | 11.06% |
| Quarterly Operating Earnings | ₹1,246.27 crore |
| Previous Year Operating Earnings | ₹1,122.11 crore |
| Total Expenses Growth | 7.54% |
| Total Expenses (Current Quarter) | ₹998.34 crore |
| Total Income Growth | 11.9% |
| Total Income (Current Quarter) | ₹1,260.82 crore |
| Jockey License | India, Bangladesh, Sri Lanka, Nepal, Qatar, Oman, Bhutan, Maldives, UAE |
| Speedo License | India |
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