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Page Industries shares fell around 5%, what is the reason for this decline? – Page Industries Share Price Sees Biggest Single Day Fall in Over Eight Months after Catious Management Commentary

Page Industries Share: Page Industries shares saw a major decline of up to 5 per cent on 6 February today. The stock has closed at a price of Rs 44001 with a decline of 3.92 per cent on BSE. The company’s shares recorded the biggest decline in the last eight months today. Indeed, the trust of investors has decreased due to the vigilant comments of the management. This is the reason why the stock was seen in stock today. With today’s decline, the company’s market cap has come down to Rs 49,078.16 crore. Its 52-whee high is Rs 49,933.15 and 52-wheel is Rs 33,100.

Page Industries shares have performed continuously for the last several years. Since 2007, the stock has given negative annual returns only four times. It declined by 10% in 2023. At the same time, in 2018, the stock fell by 1.2% and 7.3% in 2019. The biggest decline was recorded in 2008, when it fell 30.3 per cent.

How to be the results of the December quarter of Page Industries

Page Industries’ net profit increased by 35 per cent to Rs 205 crore in the October-December quarter of the current financial year, which was around Rs 152 crore in the same period last year. At the same time, the total revenue of the company rose 7.2% to ₹ 1,313 crore during this period. The company’s operating profit (Ebitda) rose 34 per cent to Rs 302.6 crore. The Ebitda margin also rose 5 percent to 23%, which was 18.4% last year.

Page Industries will give a dividend of Rs 150

Page Industries has announced to give a third interim dividend of Rs 150 per share to its shareholders. The record date for this dividend has been fixed on 13 February 2025, while the payment will be made by 7 March 2025. With this announcement, Page Industries has now declared a dividend of around Rs 700 on each stock in the financial year present, which has made additional profit to its investors. The company had earlier announced two more interim dividends of ₹ 250 and ₹ 300 per share.

Disclaimer: Here information provided is being given only for information. It is necessary to mention here that the investment market in the market is subject to risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.

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