Buy Page Industries, target Rs 24800: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Page Industries Ltd. with a target price of Rs 24800. The current market price of Page Industries Ltd. is Rs 24465.25. Time period given by the analyst is Intra Day when Page Industries Ltd. price can reach defined target. Dr CK Narayan recommended to keep stop loss at Rs 24250 . Page Industries Ltd., incorporated in 994, is a large-cap company with a market cap of Rs 27288.23 crore.

Page Industries Ltd. key Products/Revenue Segments include Innerwear & Leisurewear which contributed Rs 2071.24 Crore to Sales Value (97.14 % of Total Sales), Others which contributed Rs 36.44 Crore to Sales Value (1.70 % of Total Sales), Scrap which contributed Rs 18.01 Crore to Sales Value (0.84 % of Total Sales), Other Operating Revenue which contributed Rs 5.53 Crore to Sales Value (0.25 % of Total Sales) and Duty Drawback which contributed Rs .84 Crore to Sales Value (0.03 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 608.40 Crore, down -2.03 % from last quarter Sales of Rs 621.03 Crore and up 21.94 % from last year same quarter Sales of Rs 498.92 Crore Company has reported net profit after tax of Rs 94.22 Crore in latest quarter.

The company’s top management includes Mr.B C Prabhakar, Mr.G P Albal, Mr.Pradeep Jaipuria, Mr.Sandeep Kumar Maini, Mr.Shamir Genomal, Mr.Sunder Genomal, Mr.Timothy Ralph Wheeler, Mr.V S Ganesh, Mr.Vedji Ticku, Mr.Vikram Gamanlal Shah, Mrs.Rukmani Menon. Company has S R Batliboi & Associates LLP as its auditoRs As on 31-03-2018, the company has a total of 11,153,874 shares outstanding.