Stock Performance and Market Context
On 28 Nov 2025, Page Industries recorded an intraday low of Rs 38,145.3, reflecting a decline of 2.12% on the day. The stock has been on a downward trajectory for two consecutive sessions, registering a cumulative return of -2.16% over this period. This performance contrasts with the broader market, where the Sensex opened flat and traded marginally lower by 0.02% at 85,706.67 points. Notably, the Sensex remains close to its 52-week high of 86,055.86, trading just 0.41% below that peak.
Page Industries underperformed its sector by approximately 1% today, with the stock trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This technical positioning indicates sustained downward momentum relative to both short- and long-term trends.
Financial Metrics and Valuation Insights
Over the past year, Page Industries has delivered a total return of -15.18%, which stands in contrast to the Sensex’s positive return of 8.43% during the same period. The stock’s 52-week high was Rs 50,470.6, highlighting the extent of the recent decline.
Despite the negative price movement, the company’s profits have shown growth, with a reported increase of 23.1% over the last year. However, the earnings per share (EPS) for the most recent quarter stood at Rs 17.52, marking the lowest quarterly EPS in recent periods. The company’s return on equity (ROE) remains robust at 54.2%, reflecting strong profitability relative to shareholder equity.
Page Industries is valued at a price-to-book ratio of 30.8, which is considered high compared to its peers’ historical averages. This premium valuation is notable given the stock’s recent price decline and underperformance against benchmarks such as the BSE500 index, where it has lagged in each of the past three annual periods.
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Sector Position and Market Capitalisation
Page Industries holds a significant position within the garments and apparels sector, with a market capitalisation of approximately Rs 43,428 crores. This makes it the largest company in its sector, accounting for 25.39% of the total sector market cap. The company’s annual sales stand at Rs 5,018.54 crores, representing 12.11% of the industry’s total sales.
Institutional investors hold a substantial stake in the company, with 52.45% of shares owned by these entities. This level of institutional holding suggests a considerable presence of investors with extensive resources and analytical capabilities.
Long-Term Financial Strength and Growth
Page Industries exhibits strong long-term fundamentals, with an average return on equity of 45.83% over recent years. The company’s operating profit has grown at an annual rate of 30.74%, indicating healthy expansion in core earnings. Additionally, the company maintains a low average debt-to-equity ratio of 0.02 times, reflecting a conservative capital structure with minimal leverage.
Despite these positive indicators, the stock’s valuation remains elevated relative to historical norms and peer companies, which may contribute to the current market caution.
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Recent Quarterly Results and Market Reaction
The company’s recent quarterly results were largely flat, which may have contributed to the subdued market response. While profit growth over the year has been positive, the latest earnings figures did not show a marked improvement, with EPS at Rs 17.52 for the quarter. This level is the lowest recorded in recent quarters, potentially influencing investor sentiment.
Page Industries’ stock has consistently underperformed the BSE500 index over the last three years, reflecting a pattern of relative weakness compared to the broader market. This trend is evident in the stock’s negative returns over the past year and its position below key moving averages.
Technical Indicators and Trading Patterns
The stock’s current trading below all major moving averages—5-day, 20-day, 50-day, 100-day, and 200-day—indicates a sustained bearish trend in the short to long term. This technical setup often signals caution among market participants and may reflect ongoing pressure on the stock price.
In contrast, the Sensex is trading above its 50-day moving average, which itself is positioned above the 200-day moving average, suggesting a generally bullish market environment. This divergence highlights the relative underperformance of Page Industries within the broader market context.
Summary of Key Metrics
To summarise, Page Industries’ stock price has reached Rs 38,145.3, marking a 52-week low and reflecting a decline of over 15% in the past year. The company maintains strong profitability metrics, including a high ROE and healthy operating profit growth, alongside a low debt profile. However, the stock’s valuation remains elevated, and recent quarterly earnings have not shown significant improvement. The stock’s technical indicators point to continued downward momentum, contrasting with the broader market’s more positive trend.
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