Page Industries Ltd: The stock of Page Industries Ltd witnessed a stormy trading session on Wednesday. The company’s shares rose 5.3% or Rs 2,156.45 to an intraday high of Rs 42553.35 from its previous close of Rs 40396.90. The 52-week high price of Page Industries is Rs 42,902.10 and the 52-week low price is Rs 33,100. The company’s market cap is Rs 46,625.26 crore. The stock has gained 20% in six months and 10% so far this year.
LIC holds 2.13% stake
Let us tell you that Page Industries was listed in March 2007. In March 2007, this stock was at the level of ₹ 270 per share. Its IPO came at ₹ 395 per share. This stock has climbed 10672 percent from the IPO price so far. According to the shareholding pattern of June 2024, mutual funds have 20.81% stake in the company. At the same time, the insurance company has 5.37% stake. In this, HDFC Life Insurance Company Limited has 1,86,475 shares of the company i.e. 1.67% stake and Life Insurance Corporation of India has 2,37,533 shares i.e. 2.13% stake in the company.
what is the business of the company
Let us tell you that Page Industries Limited is engaged in the business of innerwear and other garments. The company provides knitted fabrics. It is engaged in the manufacturing, distribution and marketing of Jockey products. It has the license of Speedo, an international brand for swimwear. Its business is spread across countries like Sri Lanka, Bangladesh, Nepal, Oman.