Sell Page Industries, price target Rs 2,300: Kunal Bothra

Independent analyst Kunal Bothra has a sell call on Page Industries Ltd. with a target price of Rs 2,300. The current price of Page Industries Ltd. is Rs 24040.25 Time period given by the analyst is Intra Day when Page Industries Ltd. price can reach defined target. . Kunal Bothra recommended to keep a stoploss at Rs 24700 .

Page Industries Ltd., incorporated in 1994, has a market cap of Rs 26814.19 crore.
Page Industries Ltd. key Products/Revenue Segments include Innerwear & Leisurewear which contributed Rs 2807.65 Crore to Sales Value (98.43 % of Total Sales), Scrap & Others which contributed Rs 32.97 Crore to Sales Value (1.15 % of Total Sales), Other Operating Revenue which contributed Rs 11.42 Crore to Sales Value (0.40 % of Total Sales) and Duty Drawback which contributed Rs .16 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Standalone sales of Rs 775.40 Crore, down -7.13 % from last quarter Sales of Rs 834.96 Crore and up 12.25 % from last year same quarter Sales of Rs 690.76 Crore Company has reported net profit after tax of Rs 114.51 Crore in latest quarter.

The company’s top management includes Mr.B C Prabhakar, Mr.G P Albal, Mr.Nari Genomal, Mr.Pradeep Jaipuria, Mr.Ramesh Genomal, Mr.Sandeep Kumar Maini, Mr.Shahendar Genomal, Mr.Shamir Genomal, Mr.Sunder Genomal, Mr.Timothy Ralph Wheeler, Mr.V S Ganesh, Mr.Varun Berry, Mr.Vedji Ticku, Mr.Vikram Gamanlal Shah, Mrs.Rukmani Menon. Company has S R Batliboi & Associates LLP as its auditors. As on 31-12-2019, the company has a total of 11,153,874 shares outstanding.